In a compilation engagement, we assist in preparing financial statements based on data provided by the management. While we don’t verify the figures, we ensure proper presentation, disclosure, and compliance with accounting frameworks such as Ind AS, IGAAP, or IFRS.

A review is one level above compilation. It involves analytical procedures and limited inquiry to ensure that financial statements are free from material misstatements. Though not as comprehensive as an audit, it adds significant credibility for lenders, investors, or regulatory purposes.

These services are especially valuable for startups, SMEs, or entities not statutorily required to perform audits but still want a credible financial picture for internal use, board review, or funding discussions.

We provide streamlined compilation and review services with a faster turnaround than audits, without compromising on quality. This allows businesses to access reliable financial reports within tight timelines and budgets.

Even during limited review, we often identify inconsistencies, cash flow anomalies, or potential misclassifications. These insights help clients improve internal controls and plan for future audits or investor due diligence.

• Preparation of financial statements (P&L, Balance Sheet, Notes)

• Limited assurance without statutory audit burden

• Analytical review and inquiry with management

• Conforms to ICAI, IGAAP, Ind AS, or IFRS

• Ideal for investor pitches, banks, or board presentation

• Quick turnaround and cost-effective for SMEs

• Enhances financial credibility for non-audited entities

• Review memo & summary of financial observations

We don’t believe in one-size-fits-all auditing. At Pawan Lohia & Associates, every Risk-Based Internal Audit begins with an in-depth understanding of your business model, industry dynamics, and regulatory exposure. Our team collaborates closely with your internal stakeholders to prioritize risk areas, define scope, and execute detailed audits with a strategic lens.