Audit & Assurance

Madras Accountancy provides a comprehensive range of audit and assurance services tailored to meet the needs of CPA firms in the United States.

We focus on delivering quality, compliance, and efficiency in every engagement, supporting various audits and assurance requirements, including financial statement audits, reviews, compilations, internal audits, and more.

Our experienced team integrates seamlessly with your in-house staff to ensure accurate and reliable outcomes, helping you meet your clients’ expectations with confidence.

What we offer

We provide a complete suite of outsourced accounting services, helping firms stay efficient and cost-effective.

Financial Statement Audit

  • Comprehensive audits ensuring compliance and accuracy.
  • Preparation of GAAP-compliant disclosures and reporting.

Financial Statement Reviews

  • Limited assurance engagements to provide insights into financial statements.
  • Evaluation of financial reporting consistency and compliance.

Compilation of Financial Statements

  • Assisting in the preparation of financial statements based on client-provided information.
  • Ensuring accurate and professional presentation of compiled statements.

Internal Audits

  • Assessments of internal controls and operational efficiency.
  • Development and implementation of risk-based internal audit programs.

Employee Benefit Plan Audits

  • Audits focused on compliance with ERISA and other regulations.
  • Review of financial operations of benefit plans to ensure accuracy and adherence.

Internal Control Reviews & Evaluation

  • Detailed reviews to assess and improve internal controls.
  • Identifying control weaknesses and recommending enhancements.

Agreed Upon Procedures

  • Conducting specific procedures based on client requirements.
  • Delivering objective findings to meet regulatory or contractual needs

Forecasts and Projections

  • Preparation and review of financial forecasts and projections.
  • Providing insights for strategic planning and decision-making.

IRS Audit Support

  • Assistance in responding to IRS inquiries.
  • Preparation of required documentation and representation support.

Sales Tax Audit

  • Review of sales tax filings for accuracy and adherence to state regulations.
  • Assistance in responding to state-level audit inquiries.

Hear from our
Satisfied Clients

We provide a complete suite of outsourced accounting services, helping firms stay efficient and cost-effective.

Madras Accountancy has been more than just a partner to Hillhurst Tax Group - they have been our trusted friends for over a decade.Working with Balaji and his exceptional team has been a remarkable journey. They’ve seamlessly supported us in both tax and bookkeeping services, enabling us to focus on growing our business and strengthening our client relationships.What sets Madras Accountancy apart is their personal touch. Balaji and his team truly care about our success and go beyond being just an offshore service provider. Their dedication, attention to detail, and commitment to excellence have made them an integral part of our firm’s story.We deeply value this relationship and look forward to many more years of collaboration

Jonathan McCormick, EA, MST

Co-Founder & COO / Hillhurst Tax Group

Partnering with Madras Accountancy has been a game-changer for us. Their team’s expertise in both tax preparation and bookkeeping has brought consistency and reliability to these critical areas. What stands out is their proactive approach - ensuring tasks are completed on time with a high level of accuracy and responsiveness. They have become an integral part of our team, always willing to adapt and support us whenever needed. The collaboration has been smooth and has added tremendous value to our operations and provided that much needed capacity as our business grows. We tried a couple of other providers and hands down, Madras has been a great fit. We’re grateful for the professionalism they bring to the table and the positive impact on our practice.

Josh T. Hansen, CPA

Founder & Managing Partner

Madras Accountancy has been an impactful partner and quickly became our primary offshore provider. We started working with them when we were not able to find higher-caliber talent from other providers. Madras Accountancy quickly found us several very strong candidates, and we have not looked back. At both preparatory and more importantly for us, detail review levels, their staff are excellent. They integrate seamlessly with our tax department, and we are very fortunate to have them support our firm. Their leadership team is also excellent, truly seeking to understand our business and our unique requirements, and will not rest until they find us those candidates. Their team’s proactive communication and unwavering commitment have made them an indispensable part of our operations. We are grateful for the strong partnership we have built with them.

Dave Myers, COO

RS&F

Madras Accountancy has been an exceptional partner for us at Stowe & Degon. Their team’s expertise in tax preparation and review, combined with their meticulous attention to detail, has significantly enhanced our efficiency during peak seasons

Prasanna G. Kidambi, CPA, MBA

Tax Partner
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