"AJSH & Co LLP"    is now    "Mercurius & Associates LLP" "AJSH & Co LLP"    is now    "Mercurius & Associates LLP" "AJSH & Co LLP"    is now    "Mercurius & Associates LLP"

Auditing & Assurance Services in India

The audit is not merely comparing the numbers in books with documents to confirm their veracity, it is quite more extensive than it sounds

An annual auditing service of the business owner’s financial statements can be an obligatory, number-crunching, time-consuming, and expensive process to satisfy the regulatory authorities. Here at MAS, we aim to evaluate the existing business processes to assist our clients with running their businesses efficiently and cost-effectively. We make sure all your troublesome reporting requirements are met as painlessly as possible, keeping banks, creditors, and finance providers satisfied

As the leading audit firm in India, we believe in building trust between all stakeholders and management. Our audit processes reveal a clear picture of the company’s finances, helping management take the necessary steps required to improve the company’s growth potential. At MAS, we deliver tailor-made assurance services accentuated by exemplary quality for our clients in the local and global marketplace.

We focus on assisting our clients with the process of navigating their way through complex professional requirements with clarity and agility. Our partner-led approach is designed to navigate complexities, providing insights into your business with customized solutions.

Our service portfolio includes:

  • The audit of financial statements for businesses in India.
  • The audit of international GAAP financial statements.
  • Stock auditors in India.

With the help of sophisticated techniques, exceptional audit tools and procedures, and experienced staff, we pride ourselves on delivering the highest quality auditing services in India. Our continuous effort, years of experience, and client satisfaction demonstrated that our audits are of the highest quality. Our team of qualified professionals, including CAs, CPAs, and ACCAs, commit to providing you with a high-quality and deadline-driven audit.We continuously engage with our clients to ensure adherence to statutory and regulatory requirements, including disclosures. And we aim to provide constructive, value-added delivery. Our auditing services help clients to realize their organizational objectives. Our tried and trusted methodology facilitates the involvement of senior personnel at regular intervals throughout the audit process, thus, ensuring value beyond our audit report’s ambit. As a result, MAS employees and partners have audited various entities in India (Stock auditors in India) and abroad for over two decades. Our satisfied clients encourage us to improve the quality of the audits we deliver continually.

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Audits in India


Auditors help to provide investors with confidence and assurance in financial reporting. Auditors perform independent evaluations to offer security that information, such as the financial statements, presents an accurate and fair view of a company’s financial performance and position.

  • Assess the adequacy and effectiveness of internal controls
  • Analyze the reliability and integrity of financial and operating information
  • Analyze the fiscal, operational, and administrative operations
  • Analyze systems established to ensure compliance with policies, plans, procedures, laws, and regulations that could significantly impact operations
  • Assess the effectiveness and efficiency with which resources are employed
  • Assess the accomplishment of established objectives and goals

Purpose of an audit is to provide a reasonable, but not absolute, assurance that the financial statements are free of material misstatements. An auditor can’t test every transaction, but he or she is required to conduct more extensive testing in areas that indicate a greater risk of material misstatement.

The different types of auditing are:

  • Internal audit
  • Statutory audit
  • GST audit
  • US GAAP/IFRS Audit
  • IRS tax audit

  • An audit is generally carried out by a registered auditor who must comply with certain standards.
  • For a financial audit, the company’s financial statements are prepared in accordance with the appropriate legal and financial requirements. The report is then approved internally.
  • The auditors will need to obtain an understanding of the company and its activities and consider outside factors that may have affected any business during the reporting period.
  • The auditors will identify, consider, and evaluates any risks relating to the financial performance or position, and any internal controls the organization has considered appropriate to mitigate those risks.
  • The auditor will then consider what has been done to ensure the financial statements are accurate and examine supporting evidence based on the risks and controls identified.

Our audit team consists of experienced Chartered Accountants, ACCAs, CPAs, specialized Audit Managers, and Article Assistants, all possessing sound knowledge of accounting and auditing principles and standards, taxation system, legal framework, corporate compliance, risk assessment techniques, and automated auditing tools to fulfill our commitments on time and provide our clients quality in audit service.

As an auditor, we provide assurance services and are not responsible for giving any tax-saving consultancy. However, our firm is also engaged in taxation matters where we have exceptionally skilled and well-experienced tax consultants who can help you save your tax. For more detail about our tax consultancy services, please contact us

Through robust audit tools, resources, and procedures, MAS delivers high-quality audit services, adhering to the highest standards of independence, ethics, and professional objectivity while applying technical excellence. As part of our strategy, we continuously assess the service performance and delivery to clients for continuous improvement in our audit quality. We provide our clients with effective methods through which they ease doing their business and enhance legal compliance.

Yes, they do. The governing bodies oversee the company’s audits to protect investors and the public interest by promoting informative, accurate, and independent audit reports. They need to ensure proper audit documentation is maintained for every audit.

Yes, MAS is registered with the Public Company Accounting Oversight Board and is licensed to audit companies listed in the United States, including broker-dealers. We perform an audit of financial statements of companies registered with the SEC or trading over OTC or intended to get registered with the SEC.

Our fee for an audit of companies in India or the US depends on the complexity of the business, time, and resources involved. Please feel free to reach us for a quote.

No, an auditor needs to be independent and objective while performing the audit. It is important to understand that the preparation of financial statements is the responsibility of management and not the auditor. The opinion on those financial statements is the auditor’s responsibility.


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