NBFC Audits – Statutory, Compliance & Risk Audits for Non-Banking Financial Companies (NBFCs)
Non-Banking Financial Companies (NBFCs) play a critical role in India’s financial sector by extending credit facilities, leasing, investment services, and financial inclusion initiatives. Given their extensive public dealings and regulatory oversight, NBFCs are subject to rigorous statutory audits, RBI compliance audits, and risk assessment reviews to ensure sound financial health and operational integrity.
We offer comprehensive NBFC Audit Services, including statutory audits, internal audits, RBI compliance audits, and risk-based assessments for deposit-taking and non-deposit-taking NBFCs. We ensure that your NBFC adheres to all regulatory mandates, financial reporting standards, and internal governance frameworks.
Our audit scope covers verification of financial statements, asset classification (Standard, Sub-standard, Doubtful), provisioning adequacy, fund utilization checks, compliance with RBI Master Directions, KYC/AML adherence, risk management systems, and internal controls evaluation. We also assist in rectifying regulatory observations and enhancing compliance processes.
Beyond audit reporting, we provide advisory on risk mitigation strategies, policy framework strengthening, financial process improvements, and RBI inspection preparedness. Our structured audit approach ensures that your NBFC maintains transparency, manages risks effectively, and remains compliant with evolving regulatory expectations.
Frequently Asked Questions (FAQs)
Yes, all NBFCs are required to undergo statutory audits under the Companies Act, along with compliance audits in line with RBI’s Master Directions and circulars.
Key areas include financial statement accuracy, asset classification, provisioning norms, compliance with RBI guidelines, risk management practices, KYC/AML adherence, and governance frameworks.
Absolutely. We conduct audits for all categories of NBFCs, including NBFC-D (Deposit-taking), NBFC-ND (Non-deposit taking), and specialized NBFCs like NBFC-Factors, NBFC-MFIs, etc.
We assist in drafting replies to RBI inspection observations, preparing compliance reports, and advising on implementing corrective actions to ensure ongoing regulatory compliance.
RBI Empaneled Services
CA. Dhiraj Jain
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