Professional Services
Comprehensive chartered accountancy services delivered with ICAI-standard rigour
Bala & Co. offers a full spectrum of professional services across audit and assurance, taxation, accounting, corporate advisory, information systems, privacy governance, and AI readiness — backed by 45+ years of practice from our Chennai office.
Audit & Assurance
Assurance PracticeOur audit and assurance practice is built on evidence-led fieldwork, rigorous documentation standards, and management-oriented reporting. Engagements are led with partner oversight and structured to deliver findings that boards, audit committees, and management teams can rely on and act upon.
We support statutory audits under the Companies Act, 2013 and Income Tax Act, 1961, alongside internal audits, special purpose engagements, and information systems review support across sectors.
Scope Areas
- Statutory audit under Companies Act, 2013
- Tax audit under Income Tax Act, 1961
- Internal audit with risk-focused reporting
- Special purpose and management review audits
- Information systems review and IS audit support
- Remote and onsite audit execution as required
- Management observations and board-level reporting
- Audit committee support and follow-up tracking
SSAE 18 / SOC Audits
Controls & AssuranceOur SOC practice supports service organisations through every phase of the SOC engagement lifecycle — from initial readiness review and gap assessment through to remediation support, evidence coordination, and assurance preparation under SSAE 18 standards.
Led by Mr. V. Sriram (FCA, CISA, CPA USA, ACCA UK), this practice brings technical depth across SOC 1, SOC 2, and SOC 3 frameworks with a pragmatic, management-aligned approach.
Scope Areas
- SOC 1 (SSAE 18) — ICFR-focused service organisation audits
- SOC 2 — Security, availability, and privacy criteria
- SOC 3 — General use reports for customer-facing assurance
- Type 1 and Type 2 preparation and evidence coordination
- Control design review and narrative documentation
- Gap assessment and remediation tracking
- Readiness workshops with process owners and IT teams
- Ongoing control monitoring guidance post-engagement
Taxation & Regulatory Advisory
Tax Compliance & PlanningOur taxation practice covers the full spectrum of direct and indirect tax compliance, advisory, and planning — integrated with our audit and advisory capabilities to provide holistic financial and regulatory guidance.
We support companies, firms, LLPs, and individuals across all major tax statutes, with emphasis on timeliness, accuracy, risk identification, and proactive compliance management.
Scope Areas
- Income tax returns — companies, firms, trusts, individuals
- Tax audit engagements under Section 44AB
- GST registration, monthly/quarterly filings, reconciliations
- TDS compliance, returns, and certificate management
- Advance tax computation and payment support
- Transfer pricing documentation and advisory
- Cross-border tax structuring and DTAA advisory
- Representation before tax authorities and assessment support
Accounting, Payroll & BPO
Finance OperationsOur finance operations support covers end-to-end accounting, payroll, and BPO services designed for businesses that need execution reliability, reporting consistency, and accounting continuity — whether as a primary service or to bridge internal bandwidth gaps.
We work with Indian accounting standards (Ind AS / AS), IFRS, and international accounting frameworks as needed, and support clients on commonly used accounting platforms.
Scope Areas
- Bookkeeping, ledger maintenance, and accounts management
- Monthly, quarterly, and annual financial close support
- MIS reporting — P&L, balance sheet, cash flow analysis
- Payroll processing — salary computation, PF, ESI, PT compliance
- Bank reconciliations and vendor account management
- Fixed asset register maintenance and depreciation schedules
- Support across Tally, Zoho Books, QuickBooks, and other platforms
- Indian and international accounting coordination
Internal & Process Controls
Risk & ControlsOur internal and process controls practice provides risk-led assessments designed to strengthen operational accountability, documentation standards, and control effectiveness across key business functions.
Engagements are structured to produce actionable, prioritised recommendations that management, operations, and finance teams can implement within their existing workflows.
Scope Areas
- Internal control design and operating effectiveness reviews
- Process audits across procurement, finance, operations, and HR
- Risk control matrix development and assessment
- Internal financial controls (IFC) under Companies Act, 2013
- Governance reviews aligned to accountability standards
- Fraud risk assessment and prevention control reviews
- Remediation support and follow-up action tracking
Corporate Advisory & Due Diligence
AdvisoryOur corporate advisory practice supports businesses navigating structuring decisions, transaction readiness, regulatory compliance, and strategic financial challenges — with advice grounded in audit, tax, and operational understanding rather than generic consulting frameworks.
Engagements are practical, confidential, and structured around implementable recommendations that align with financial, legal, and regulatory realities.
Scope Areas
- Business structuring, company incorporation, and regulatory setup
- Financial and regulatory due diligence for M&A and investments
- Transaction readiness and compliance-aligned coordination
- FEMA, RBI, and cross-border regulatory compliance advisory
- Shareholder agreement and corporate governance support
- Business valuation and financial modelling support
- Strategic advice for growth-stage and transition-phase businesses
Privacy, DPDP & AI Governance
Governance & ComplianceOur privacy, DPDP, and AI governance practice is positioned as audit, controls, and readiness support — grounded in our information systems and risk management background. Engagements are structured to help organisations understand their privacy exposure, implement practical controls, and demonstrate governance maturity to stakeholders.
Where legal interpretation is required, clients are advised to work alongside qualified legal counsel. Our role is governance, assurance, and control readiness.
Scope Areas
- DPDP Act, 2023 readiness reviews and gap assessments
- Privacy compliance audits and data handling control reviews
- Data Protection Impact Assessment (DPIA) support
- Consent framework review and data fiduciary obligation mapping
- GDPR, CCPA, HIPAA alignment assessments
- SOC 2 Privacy Criteria compliance readiness
- AI governance readiness under ISO/IEC 42001 framework
- Responsible AI policy review and governance control assessments
- Vendor privacy risk assessment and third-party control reviews
Note: All service scope is customised by engagement and client context. The items listed above are indicative of our firm’s capabilities and typical scope areas — they do not represent a fixed or exhaustive checklist for every engagement.
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