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Audit & Assurance Confidence in every number you report.

Independent assurance that boards, lenders and investors can rely on, delivered by people who understand your tax position, your controls and the markets you report to.

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Overview

An audit is only as valuable as the confidence it creates. Boards use it to govern, lenders to price risk, investors to decide. Our job is to give each of them a set of numbers they can rely on, and to leave management with a clearer view of where the business is exposed.

Assurance that understands the whole business

Most audit problems are not accounting problems. They start in a tax position nobody documented, a control that stopped working when the business grew, or a subsidiary that reports on a different basis from the parent. Because TrueAxis brings audit, tax and risk advisory into one team, our auditors see those connections early, while there is still time to fix them rather than qualify them.

We plan every engagement around the risks that matter to the readers of your accounts. That means fewer generic requests, earlier conversations about judgement areas, and a clear explanation of what we found and why it matters.

Built for groups that report in more than one place

Growing companies increasingly report to more than one audience: a parent abroad, an investor applying a different framework, a lender with its own covenants. We work across IFRS, Ind AS and US GAAP, and coordinate group reporting so the numbers tell one consistent story wherever they are read.

What a good audit leaves behind

A clean opinion, on time, with no surprises in the final week
A management letter that ranks findings by business impact, not by audit checklist
A close process that is faster and more repeatable the following year
Documentation that stands up to regulators, acquirers and future auditors

The challenges

What clients bring to us

Audits that arrive as a surprise
Issues surface in the final week, deadlines slip and management spends the quarter answering requests instead of running the business.
Group numbers that do not reconcile
Subsidiaries close on different timetables and frameworks, and consolidation becomes a manual exercise every year.
Controls that did not scale
Processes designed for a smaller company break as volumes, locations and people grow, and nobody notices until a misstatement does.
Investor or lender scrutiny
A fundraise, refinancing or sale brings a level of diligence the existing reporting was never built to withstand.

How we help

How an engagement runs

Understand the business
We start with how the business makes money, where judgement sits and who relies on the accounts, before we design a single test.
Plan around real risk
Audit effort goes to the areas that could change a reader’s decision, agreed with management and the board upfront.
Resolve issues early
Judgement areas and potential adjustments are raised as they arise, not saved for the closing meeting.
Report and improve
A clear opinion, a prioritised management letter and a debrief on how to make next year’s close faster.

What we handle

Statutory and financial statement audits
Internal audit and controls assurance
Group reporting and consolidation reviews
IFRS, Ind AS and US GAAP reporting support
Financial due diligence for transactions
Agreed-upon procedures for lenders and investors

Often working with

Boards and audit committees
Companies preparing to raise capital
Groups with entities in more than one country
Private equity–backed businesses

Works alongside the other disciplines:

Questions clients ask

Audit & Assurance: frequently asked questions

Can you audit a group with entities in India and the United States?

Yes. We plan group audits so that component work, reporting frameworks and timetables line up, and we coordinate directly with the parent’s reporting requirements so consolidation is not left to the end.

How early should we involve you before the year end?

Ideally a quarter before. An early planning meeting lets us agree judgement areas, test controls during the year and keep the post-year-end work short.

Do you work with IFRS and US GAAP as well as Ind AS?

Yes. We support reporting under IFRS, Ind AS and US GAAP, including conversions and reconciliations between frameworks for groups that report to overseas parents or investors.

Will the same team handle our tax position?

Where independence rules allow, our tax and audit teams share context, so tax provisions and positions are understood before they become audit questions. Where independence requires separation, we say so clearly at the start.

Our thinking