PSU & Government Audits
PSU & Government Audits
Public Sector Undertakings (PSUs) and government entities play a critical role in delivering essential services, driving infrastructure, and managing the nation’s key resources. Given their high level of public accountability and dependence on taxpayer funds, audits of these organizations are vital to ensure transparency, efficiency, and compliance with statutory and regulatory frameworks.
Audits of government entities go beyond statutory compliance—they focus on financial propriety, adherence to budgetary allocations, and evaluation of the efficiency of public fund utilization. Independent assurance from Singh Gulati & Associates 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 at Singh Gulati & Associates are designed to address the unique requirements of public enterprises and government agencies. Operating under extensive regulatory and legislative oversight, these entities require audits conducted with rigor, independence, and objectivity.
We perform audits in accordance 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 cover financial statements, compliance with government directives, and evaluation of internal control frameworks.
Beyond statutory reporting, we focus on performance audits and efficiency reviews. This includes assessing whether funds and resources are utilized effectively to achieve stated objectives, and whether governance structures promote transparency and accountability.
Leveraging our experience in auditing PSUs and government institutions, Singh Gulati & Associates provides actionable insights on risk management, operational efficiency, and policy compliance. Our services strengthen governance frameworks, enhance public trust, and ensure responsible management 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 operational effectiveness.
Review of internal control and risk management systems.
Assessment of statutory disclosures and compliance with applicable Acts.
Reporting on financial propriety and accountability in the use of public funds.
Recommendations for governance and process improvements.
- Statutory & Regulatory Audits
- Statutory Audit
- Ind-AS, IFRS & US GAAP Audits
- Tax Audit under Income Tax Act
- PCAOB-Compliant Audit for Foreign Listed Companies
- Audit of Trusts, Societies & NGOs
- PSU & Government Audits
- Restatements, certifications, comfort letter under IPO
- https://sgacharteredaccountants.com/practice-areas/audit-assurance/audit-under-llp-act-and-other-special-acts/
- Limited Review, Interim Financial Review
- Get Trusted Advice
