Services
Audit and assurance
Statutory and regulatory audit for banks, public sector undertakings and companies.
Audit and assurance is one of the practice areas Lalit Mohan Tyagi & Co. carries out from its Kolkata and Amritsar offices. Statutory and regulatory audit for banks, public sector undertakings and companies. The services within this practice area are listed on this page, alongside how the firm scopes and carries out the work. Client identities are not disclosed and no fees are quoted; to engage the firm on this work, read how an engagement runs and get in touch.
What does audit and assurance work involve?
The firm has carried out statutory, concurrent and revenue audit engagements continuously since 1984, with a concentration in banking, public sector undertakings and closely held manufacturing companies.
Information system audit is carried out under the Diploma in Information Systems Audit of the Institute of Chartered Accountants of India.
Scope, timelines and the engagement team are agreed in writing before work begins.
Services within this practice area
| Statutory audit |
| Revenue audit |
| Concurrent audit |
| Internal audit |
| Information system audit |
| Financial statement audit |
| Independent controls and systems process assurance |
| Regulatory compliance and reporting |
Which sectors is this work carried out in?
The sectors the firm has worked in, including banking, public sector undertakings and manufacturing, are set out on the sector engagement summary. Businesses that want to check a threshold or due date connected to this practice area can use the compliance tools directly.
Related practice areas
What does a statutory audit cover?
A statutory audit examines a company's financial statements and underlying records to form an opinion on whether they present a true and fair view, as required under the applicable law.
The firm has carried out statutory audit engagements since 1984, with a concentration in banking, public sector undertakings, and closely held manufacturing companies.
What is a concurrent audit?
A concurrent audit is a continuous, near real time examination of a bank branch's transactions, carried out alongside normal branch operations rather than after the year end.
It covers advances, income leakage, asset classification, and know your customer compliance, and is reported on a periodic basis through the audit period.
What is an information system audit?
An information system audit examines the controls around a company's computer systems and data, including access control, change management, and business continuity arrangements.
The firm carries this out under the Diploma in Information Systems Audit granted by the Institute of Chartered Accountants of India.
How does a statutory audit engagement start?
Scope, timelines, and the engagement team are agreed in writing and recorded in an engagement letter before fieldwork begins.
An information request is then raised, listing the documents and records needed, and fieldwork is carried out by a named engagement manager throughout.
Last reviewed 26 August 2026.