PSU & Government Audits
Public Sector Undertakings (PSUs) and government entities play a pivotal role in delivering essential services, driving infrastructure, and managing critical resources of the nation. Given their significant public accountability and reliance on taxpayer money, audits of these organizations are essential to ensure transparency, efficiency, and compliance with statutory and regulatory frameworks.
Government audits go beyond statutory compliance—they focus on financial propriety, adherence to budgetary allocations, and evaluation of efficiency in the use of public funds. Independent assurance strengthens governance, builds public confidence, and ensures that national resources are managed with integrity and responsibility.
About This Service
Our PSU and government audit services are structured to meet the unique requirements of public enterprises and government agencies. These entities operate under extensive regulatory and legislative oversight, making it critical that audits are performed with rigor, independence, and objectivity.
We conduct audits in line with guidelines issued by the Comptroller and Auditor General of India (CAG), government accounting standards, and statutory provisions under the Companies Act or other applicable Acts. Our reviews include examination of financial statements, compliance with government directives, and evaluation of internal control frameworks.
In addition to statutory reporting, we focus on performance audits and efficiency reviews. This includes evaluating whether funds and resources are utilized effectively to achieve stated objectives, and whether governance structures support transparency and accountability.
By leveraging our experience in auditing PSUs and government institutions, we provide valuable insights into risk management, operational efficiency, and policy compliance. Our services help strengthen governance frameworks, enhance public trust, and ensure responsible use of national resources.
Key Features / Scope of Work
- Audit of financial statements in accordance with CAG and statutory requirements.
- Verification of compliance with government directives, rules, and regulations.
- Examination of budgetary allocations and fund utilization.
- Performance and efficiency audits to evaluate effectiveness of operations.
- Review of internal control and risk management systems.
- Assessment of statutory disclosures and compliance with applicable Acts.
- Reporting on financial propriety and accountability in use of public funds.
- Recommendations for governance and process improvements.
Explore Related Insights
Monthly regulatory newsletter covering corporate laws, taxation, and compliance updates.
A focused publication on developments in company law, SEBI regulations, and governance matters.
Periodical updates on direct and indirect taxation, including notifications, rulings, and compliance calendars.
