Audit Firm In India

ZMAS and Associates, Chartered Accountants. Internal audit outsourcing firm.

ZMAS and Associates – Chartered Accountants, an Internal Audit Firm, was established in 2013 with an intent to enhance and protect organisational value by providing risk-based and objective assurance, advice and insight.

Zehra Maccawala  Partner,  ZMAS and Associates

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Patners Audit Firms In India

Partner Involvement

Extensive Partner involvement on each internal audit engagement and executive debriefing to the management and audit committee.

Audit firms in India’s Proactive Reporting

Proactive Reporting

Proactively communicate and address ineffective internal controls, process gaps and risks perceived during internal audit engagements.

Honest Audit Firms in India

Honest and Bold

Provide independent, honest and bold opinions as a part of our internal audit results.

Challenge Status Quo

Challenge Status Quo

Gently challenge old assumptions and status quo in a constructive way to strengthen governance.

Introduction to Agile Internal Auditing

The current business environment is changing constantly. Adoption of new technologies, automation, changes in tax laws and global uncertainty creates new risks.  As a consequence, internal auditors need to stay dynamic in order to develop a plan and conduct audits that are aligned to the business changes. This dynamism of the business environment and the expectations of the stakeholders requires internal audit firms in India to be Agile i.e.; become more flexible and provide feedback on a real time basis.


“As an Internal Audit Firm in India, our outsourced internal audit services are designed to meet the specific needs of companies that are on the growth path.

Quality Standards

Under our internal audit firm’s Quality Control Standards, all work performed is subject to an appropriate level of review by an Audit Manager and then by a Partner to ensure quality and accuracy in the final audit report and adherence to the Quality Control Standards.

Client Focused

We take great pride in developing strong relationships with clients and investing the time necessary to understand their issues and concerns. We leverage our knowledge and understanding of our clients and their organizations in providing quality internal audit results.

Robust Team

Each of our team members undergoes 100 hours of annual training program that focuses on best industry practices followed across organizations, new developments in the field of audit and assurance, client management and professional etiquettes.


We maintain absolute confidentiality of client data. We take due care to ensure that each of our professionals respect the confidentiality of information obtained, when rendering service to our clients.

Rich Experience

Partners carry a rich experience of more than 15 years in risk based internal audits.

They have been associated with internal audit firms in India throughout their career. Having served industries across various sectors including aviation, chemical, pharmaceutical, gems and jewelry, FMCG, engineering, marketing, courier, packaging, and trading.

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Audit firms in India’s significant value addition

Risk Based Internal Audits

An effective internal controls system helps your organization in achieving its objectives and ensures its perpetuity and growth. Through our Risk Based Internal Audit service, we evaluate the effectiveness of your existing internal controls and recommend improvements to the overall governance process.

Concurrent Audits

Concurrent Audits enable pre-validation of your transactions for authenticity, accuracy, and approval. It mitigates the risk of erroneous and unauthorized transactions. Through our concurrent audit services we deploy teams on full-time basis for real-time audit of transactions.


Our review of Internal Controls over Financial Reporting provides reasonable assurance that your financial statements are free of material misstatements. While under the Internal Financial Controls audit, we audit a much wider scope that cover operational controls, fraud prevention controls and reliability of financial information.

Fraud Investigation

Fraud is an inherent risk in any organization be it government, corporate, or not-for-profit. Our Fraud Investigation service helps you identify source of the fraud, evaluate the impact of fraud, identify root cause of the fraud, and strengthen internal controls, policies and governance practices in order to prevent frauds in future.

Enterprise Risk Management

Enterprise Risk Management is a management tool to mitigate risks in a systematic manner. It involves identification and assessment of risk, deciding on the risk mitigation measures (controls) and implementation of the controls which ensures achievement of company’s objectives. We help companies in implementing ERM and its policies and procedures.

IT General Controls Audit

Increase in complexity of the IT environment has drawn attention of companies towards effectiveness of internal controls built around information technology. Through the IT General Controls review we evaluate the robustness of the IT Systems to safeguard your valuable data assets from vulnerabilities.

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ZMAS and Associates, an internal audit firm in India, was established in 2013 with an intent to enhance and protect organizational value by providing risk-based internal audit services along with objective assurance, advice and insight.

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As an internal audit firms in India, we are working jointly with organizations like yours in evaluating and implementing internal controls through risk-based internal audits services. Our internal audits are based on COSO Framework and the best of industry practices that help our clients achieve their objectives in operations, compliances and reporting. Apart from risk-based internal audit services, we also provide services towards:

● Internal Financial Controls (IFC) design and implementation;

● Internal Financial Control Over Financial Reporting (IFCFR) Certification;

● Implementation or Audit of Enterprise Risk Management;

● Concurrent Auditor

● Fraud Investigation

These services benefit organizations of all sizes across various industries.

Several subsidiaries in India reporting to foreign holding companies hire internal audit firms in India due to their familiarity with the required laws, regulations and compliance requirements. Also, audit firms in India are preferred due to their understanding of the economic environment and work culture prevalent in India.

As an audit firm in India, we provide assurance and internal audit services to subsidiaries of foreign companies. Our engagement team has the expertise to provide the level of service desired and deserved by your organization. We believe ongoing communication throughout the entire audit will ensure that all aspects of the audit are thoroughly addressed.

The entire cycle of Planning, Execution and Reporting is managed through an in-house developed software application called RISE (Review, Implement, Sustain, Evolve). Our clients can monitor the real-time progress of audit engagements through this application.

We are committed to providing our clients with the best team available. We hire the best talent and invest in the development of their knowledge, capabilities and skills.

Partner with us

For your internal audit and corporate governance related needs.

To get in touch with us email to or call us on 9821511337