What the engagement covers.
The firm undertakes audit work under empanelment with the Comptroller and Auditor General of India. Engagements are accepted strictly on the C&AG's allotment, and are conducted per the C&AG's audit directions for the entity concerned.
Engagement types
- Statutory audit of government companies under section 139(5) of the Companies Act, 2013
- Supplementary audit assistance and follow-on audit work as directed
- Audit of public-sector undertakings (central and state) under panel allotments
- Audit of autonomous bodies, government grants, and centrally-sponsored schemes
- Performance audits and special-purpose assignments per regulatory direction
Approach
Government-audit work follows the audit directions issued by the C&AG for the entity concerned, supplemented by the Institute's Standards on Auditing where applicable. Reporting follows the format prescribed by the C&AG, with the firm acting as the statutory auditor of record on the engagements it accepts.
Documentation, planning, and review are aligned to SA 230 and the Institute's quality-control framework under SQC 1, with additional retention requirements where the C&AG prescribes them.