Non-Statutory Audits

Strengthen Your Internal Controls with Targeted Audit Solutions

At GY & Associates, we provide Non-Statutory Audit Services that go beyond compliance to deliver actionable insights and operational improvements. Unlike statutory audits required by law, these audits are conducted voluntarily by businesses to assess internal processes, identify inefficiencies, and mitigate potential risks.

Our audit approach is tailored to your industry, scale, and objectives—ensuring that you get an honest, clear view of your organization’s financial, regulatory, and operational health.

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✅ What Are Non-Statutory Audits?

Non-statutory audits are voluntary internal assessments that help businesses:

• Evaluate risk management frameworks

• Improve financial reporting and internal controls

• Detect fraud or misuse of resources

• Validate operational efficiency and process integrity

These audits are particularly useful for management, investors, lenders, and regulators who seek transparency beyond what is mandated by law.

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🔍 Our Key Non-Statutory Audit Services Include:

1. Internal Audits

• Review of internal control systems

• Risk-based process audit

• Assessment of policy compliance

• Recommendations for governance improvement

2. Management Audits

• Evaluation of business strategies and objectives

• Operational efficiency and cost management analysis

• Decision-making effectiveness and accountability review

3. Forensic Audits

• Detection of fraud, embezzlement, or financial misstatements

• Investigation into irregular transactions

• Evidence collection and reporting for legal purposes

4. Compliance Audits

• Review of compliance with internal policies and external regulations

• Identification of non-compliance risks

• Preparation for inspections by regulatory authorities

5. Special Purpose Audits

• Project audits

• Loan utilization audits

• System and process validation audits

• Audits for mergers, acquisitions, or fund-raising purposes

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🛠️ Audit Methodology

We follow a structured, multi-phase approach:

1. Planning & Scope Definition

2. Document Review & Process Mapping

3. Risk Assessment & Control Testing

4. Fieldwork & Data Verification

5. Audit Reporting with Findings & Recommendations

6. Follow-up & Implementation Support

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💡 Why Choose GY & Associates?

• Deep expertise in multi-sector audit assignments

• Confidential and unbiased reporting

• Practical, action-oriented recommendations

• Use of advanced audit tools and techniques

• Timely delivery to meet organizational needs

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📍 Who Can Benefit?

• Companies not subject to statutory audit under law

• MSMEs and startups seeking operational control

• Funded businesses needing investor assurance

• NGOs and trusts wanting transparency and credibility

• Businesses planning for mergers, due diligence, or expansion