Audit Services
Comprehensive internal and compliance audits to ensure operational accuracy, regulatory adherence, and control effectiveness.
Internal Audit & System Audit
What it is?
Independent assessment of internal controls, business processes, and system-driven transactions to ensure efficiency, accuracy, and risk mitigation.
Useful For?
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SMEs, corporates, startups, and entities under investor/board scrutiny
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​Companies preparing for statutory audits or funding rounds
How BlueCrown Supports?
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Conducts risk-based internal audits tailored to client industry and size
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Reviews policies, SOPs, ERP/automation flow, and controls
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Identifies inefficiencies, leakages, and non-compliances
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​Recommends actionable improvements and automation suggestions
Client Achieves?
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Strong internal controls, reduced risk exposure
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Improved financial discipline and compliance
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Enhanced stakeholder and auditor confidence​
​​Compliance Reviews – DGFT, GST, Customs
What It Is?
Targeted audits and reviews of compliance with Foreign Trade Policy (DGFT), Goods & Services Tax (GST), and Customs Act provisions.
Useful For?
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Exporters, importers, SEZ/EOU units, GST-registered businesses
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​Businesses that have availed foreign trade benefits or GST refunds
How BlueCrown Supports?
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Verifies eligibility and utilization of export incentives (e.g., EPCG, Advance License, SEIS, RoDTEP)
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Reviews GST input tax credit claims, reconciliations (GSTR-2A/2B), RCM compliance
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Assesses customs procedures, valuation, exemptions, and documentation
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​Prepares clients for regulatory audits or SCN (Show Cause Notice) response
Client Achieves?
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Reduced risk of demand notices and penalty exposure
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Clean audit trail for authorities
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​Optimized use of trade benefits with complete compliance
Risk Assessment & Internal Control Evaluation
What It Is?
A systematic review to identify operational, financial, and compliance risks and evaluate the effectiveness of internal controls.
Useful For?
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Growing companies with expanding operations
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​Businesses with ERP migration, team turnover, or process gaps
How BlueCrown Supports?
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Maps risk areas using control matrix methodology
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Reviews segregation of duties, approval hierarchy, and fraud risks
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Benchmarks internal practices against industry best standards
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Provides mitigation strategies and SOP improvements
Client Achieves?
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Improved process reliability and risk governance
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Stronger foundation for external audit, investor diligence
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​Early detection of red flags and control gaps
Audit Preparation & Support (Internal, Statutory, Special)
What It Is?
End-to-end assistance in preparing for internal, statutory, cost, or special audits conducted by external auditors, banks, or regulators.
Useful For?
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Private limited companies, LLPs, trust societies, and listed companies
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​Entities facing statutory, departmental, or forensic audits
How BlueCrown Supports?
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Readies key audit documentation: ledgers, vouchers, trial balance, reconciliations
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Ensures compliance with Companies Act, Income Tax Act, GST, and FTP
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Handles audit queries and assists in post-audit follow-up
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​Coordinates with management and audit teams to close observations
Client Achieves?
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Smooth and timely audit closure
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Zero or minimal audit qualifications
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​Strong audit readiness and transparency
Stock & Fixed Asset Verification (Detailed Physical Audit)
What It Is?
On-ground verification of inventory, raw materials, WIP, finished goods, and fixed assets to match books with physical existence and usage.
Useful For?
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Manufacturing units, traders, warehousing firms, service providers with large CAPEX
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Companies preparing for asset capitalization, insurance claims, or transfer
How BlueCrown Supports?
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Conducts floor-wise, category-wise, or store-wise physical stock count
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Performs asset tagging, movement tracking, and depreciation mapping
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Identifies obsolete, non-moving, or missing items
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​Prepares detailed reconciliation reports and audit-ready annexures
Client Achieves?
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Accurate valuation and tracking of assets
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Assurance for investors, insurers, or audit firms​​
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​Prevention of pilferage, shrinkage, and ghost assets