Contact Me
hiteshgarg@trchadha.com
Noida
Statutory Audit & CRO
Mr. Hitesh Garg is a Partner at TRC and serves as the firm’s Chief Risk Officer, responsible for overseeing the implementation of audit quality controls and risk management frameworks across the practice. He has been associated with the firm for over 19 years and brings more than 20 years of post-qualification experience in auditing, assurance, and consulting.
Mr. Garg has extensive experience in auditing regulated entities, including listed companies, Banks, NBFCs, HFCs, and Insurance companies. He has led numerous statutory audits across sectors such as manufacturing, trading, services, and power generation, trading & distribution, with a strong focus on clients operating under complex regulatory frameworks. He has also been actively involved in certification and assurance services required during IPOs.
Mr. Garg is well-versed in international accounting and auditing standards and have led the audit of a company listed on NASDAQ under the PCAOB Auditing Standards.
He has completed several specialized certifications from the Institute of Chartered Accountants of India (ICAI), including DISA, Valuation, IFRS, and the New Age Auditor course. His expertise spans Ind AS, IFRS, US GAAP, and he regularly advises clients on complex accounting and reporting matters.
Hitesh has a strong background in forensic audits, investigative reviews and financial due diligence as well, having worked on assignments commissioned by lenders, corporates, and regulatory authorities.
Practice Areas
Statutory Audit
A statutory audit under the Companies Act, 2013 is a mandatory requirement for companies registered
Ind-AS, IFRS & US GAAP Audits
With businesses increasingly engaging in global trade and cross-border transactions, financial reporting in compliance with
Tax Audit under Income Tax Act
A tax audit under the Income Tax Act is a statutory requirement for businesses whose
PCAOB-Compliant Audit for Foreign Listed Companies
Companies listed on US stock exchanges or with reporting obligations in the United States are
PSU & Government Audits
Public Sector Undertakings (PSUs) and government entities play a pivotal role in delivering essential services,
Restatements, certifications, comfort letter under IPO
When companies prepare for an Initial Public Offering (IPO), they are required to provide restated
Audit under LLP Act and Other Special Acts
Limited Liability Partnerships (LLPs) and entities governed by special legislations are required to undergo audits
Limited Review, Interim Financial Review
Limited reviews and interim financial reviews provide stakeholders with timely assurance on the financial position
Concurrent Audits (Banks, NBFCs, Financial Institutions, Payment Banks)
Concurrent audits are essential for monitoring, evaluating, and strengthening the internal control systems of banks,
Retail Assets & Retail Liabilities Audit
Retail assets and liabilities audits are essential for financial institutions to assess the accuracy, compliance,
Branch Statutory Audit (BSA) & Central Statutory Audit (CSA)
Branch Statutory Audit (BSA) and Central Statutory Audit (CSA) are essential for ensuring accuracy, compliance,
Audit under RBI/NABARD/CAG Mandates
Audits under RBI, NABARD, and CAG mandates are crucial for ensuring compliance with regulatory, statutory,
Forensic Audits
Forensic audits are specialized audits conducted to detect, investigate, and prevent fraud, financial irregularities, and
Fraud Investigation
Fraud investigation is a focused engagement undertaken when there are specific allegations or suspicions of
Agencies for Specialized Monitoring (ASM)
Agencies for Specialized Monitoring (ASM) audits are mandated by banks and financial institutions, particularly for
ESG Audit / Impact Assessment
Environmental, Social, and Governance (ESG) audits and impact assessments evaluate how responsibly and sustainably organizations
MIS & Data Analytics- Audit Support
Management Information Systems (MIS) and data analytics play a crucial role in modern audits by
Work for Law Enforcement Agencies
Audits and investigations conducted for law enforcement agencies focus on uncovering financial irregularities, fraud, money
Whistleblower complaints review
Whistleblower complaints often highlight concerns related to fraud, misconduct, harassment, or unethical practices within organizations.
Anti-Bribery & Anti-Corruption compliance consulting
Anti-bribery and anti-corruption compliance consulting helps organizations establish robust frameworks to prevent, detect, and address
Pre-IPO Due Diligence
Pre-IPO due diligence is a critical process for companies preparing to go public, ensuring that
IPO Readiness & DRHP Support
IPO readiness and Draft Red Herring Prospectus (DRHP) support are critical for companies preparing to





