These procedures can be designed for very specific needs such as verifying particular transactions, compliance with contractual clauses, validating inventory levels, reviewing internal controls, or confirming certain account balances. The flexibility of AUP ensures it adapts to the client’s unique objectives while maintaining professional rigour.

AUPs are frequently used in due diligence, grant audits, regulatory reviews, internal control testing, vendor audits, special reporting to investors or banks, forensic checks, or financial covenants testing. The approach is precise and transparent findings are directly linked to the agreed scope.

Although AUP is not an audit, it is conducted under Standards on Related Services (SRS 4400/ISRS 4400) issued by ICAI/IFAC. As independent professionals, our role is to act with objectivity and neutrality, which builds confidence among third parties relying on the findings.

Our reports under AUP are fact-based and do not offer opinions or conclusions. This makes them especially useful for stakeholders who want to make their own judgments based on reliable factual data rather than interpretative commentary.

AUP engagements are faster to execute, highly customizable, and more cost-efficient than full-scale audits. They are confidential and suitable even for internal reviews, promoter-level agreements, or investor-specific conditions.

• Conducted as per ISRS 4400 / SRS 4400 (ICAI) standards

• Zero opinion or judgment—just factual findings

• Suitable for due diligence, grants, vendor audits, etc.

• Accepted by banks, regulators, investors, and promoters

• Coordination with legal and valuation teams

• Transparent reporting supports key decisions

• Performed with independence and neutrality

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.