Our services

Accounting and audit support for residential societies.

Five services that cover the full journey, from checking this year's books to getting pending audits done. Combine them as you need; every engagement starts with a written scope.

Request a Consultation How statutory audits work

Society Accounting Verification

A line-by-line review of your society's books, so the figures you present to members can be relied on.

Ledger verification
Income and expenditure review
Maintenance collection verification
Outstanding balance verification
Expense and vendor payment verification

An accounting review for the committee. It is not an audit and does not result in an audit report.

Bank Reconciliation

Your bank statements matched against the books, with every difference listed and explained.

Bank statement verification
Transaction matching
Identification of unmatched transactions
Cash and bank balance verification

We reconcile and report differences. Corrections are made only with the committee's approval.

Audit Preparation

Financial statements and supporting documents organised the way auditors expect to receive them.

Financial statement preparation support
Receipts and payments statements
Income and expenditure statements
Balance sheet preparation support
Supporting document organisation

We prepare the books for audit. The audit itself is carried out independently by your appointed auditor.

Audit Coordination

One point of contact between your committee and the auditor, from document submission to final report.

Coordination with eligible independent auditors
Document submission and follow-ups
Assistance in resolving audit observations
Audit report coordination

The statutory audit is conducted and signed only by a qualified, authorised auditor. We never sign, certify or influence the audit opinion.

Accounting Cleanup

Past years brought back in order when books are incomplete, inconsistent or behind schedule.

Previous-year accounting reconciliation
Opening balance verification
Ledger corrections and documentation
Identification of discrepancies

We rebuild records from the documents that exist. We cannot create evidence for transactions that have none.

Complete Accounting & Audit Support

All five services as one engagement for the financial year: verification and reconciliation through the year, audit preparation at year-end, and coordination until the auditor issues the report.

Ask about complete support

Clear scope

Where our work ends and the auditor's begins

KritIQ Labs LLP is not a CA firm. We do the preparation and coordination; a qualified, independent auditor carries out and signs the statutory audit.

Who does what: our services compared with the statutory audit
Work	What it involves	Done by	Result
Accounting verification	Ledgers, vouchers, collections, dues and payments checked against records	KritIQ Labs	Verification report and list of discrepancies for the committee
Audit preparation	Reconciliations, financial statements, schedules and documents organised for the auditor	KritIQ Labs	Draft statements and an indexed audit file, approved by the committee
Audit coordination	Document submission, auditor queries, follow-ups and help with observations	KritIQ Labs, on the society's behalf	A smoother audit; responses to queries and observations
Statutory audit	Independent examination of the society's accounts as required by law	A qualified, authorised auditor appointed by the society	Signed audit report (and audit class, where applicable)

Accounting verification
Ledgers, vouchers, collections, dues and payments checked against records
Done by
KritIQ Labs
Result
Verification report and list of discrepancies for the committee
Audit preparation
Reconciliations, financial statements, schedules and documents organised for the auditor
Done by
KritIQ Labs
Result
Draft statements and an indexed audit file, approved by the committee
Audit coordination
Document submission, auditor queries, follow-ups and help with observations
Done by
KritIQ Labs, on the society's behalf
Result
A smoother audit; responses to queries and observations
Statutory audit
Independent examination of the society's accounts as required by law
Done by
A qualified, authorised auditor appointed by the society
Result
Signed audit report (and audit class, where applicable)

Any accounting method

Excel, Tally, other society software or handwritten registers. You don't need to change systems.

Written scope and quote

After a first review of your records, you get the scope, deliverables and fee in writing before work starts.

Committee stays in control

We report findings and propose corrections. Nothing is changed in your books without the committee's approval.

Not sure which service you need?

Tell us where your accounts stand today. We'll review and suggest the right mix, with a written scope before anything starts.

Request a Consultation Chat on WhatsApp

We usually reply within 1–2 working days.