PKJN & Associates LLP is Mumbai's trusted ICAI-registered Peer Review Auditor & Chartered Accountant firm, offering Statutory, Concurrent & Internal Audit, IND AS & IFRS implementation, Risk Advisory — backed by 20+ years of professional excellence.
PKJN & Associates LLP is a Mumbai-based Chartered Accountnat firm with over 15 years of professional experience. We are ICAI-registered Peer Review Auditors, and our practice spans Peer Review, Statutory Audit, Concurrent Audit, Internal Audit, Tax Audit, IND AS and IFRS Implementation, Risk Control Matrix (RCM), and Risk Advisory services.
Our clients include practicing CA firms requiring ICAI Peer Review certification, banks and NBFCs needing Concurrent Audit teams, listed companies transitioning to IND AS, and businesses of all sizes requiring reliable, partner-led audit and assurance support.
We take responsibility for the details — clean documentation, timely reporting, and advice grounded in current law and professional standards — so our clients can focus on decisions that matter.
"We bring structure, clarity, and accountability to every engagement — from ICAI Peer Review to full-scale statutory audits across Mumbai and India."
To be recognised as India's most trusted Peer Review Auditor and Chartered Accountancy firm — known for professional integrity, technical precision, and audit insights that genuinely elevate the quality of financial reporting, governance, and professional practice for every client we serve.
To help CA firms, businesses, banks, and financial institutions meet their audit, peer review, and compliance obligations with confidence. We deliver structured evaluations, clear documentation, and actionable recommendations — ensuring every engagement adds measurable value beyond ticking a regulatory box.
PKJN & Associates LLP was established to bring discipline and structure to professional practice in Mumbai. Over 15 years we have grown from a general CA practice into a specialised Peer Review and Audit firm, earning the sustained trust of CA firms, banks, corporates, and professionals through consistent, ethical, and results-driven service delivery.
Audit and peer review do not need to feel uncertain or rushed. Our role is to plan thoroughly, communicate clearly, and execute with diligence — so you always know exactly where you stand and what happens next.
We believe the best audit is one where the client is never surprised. That is why we invest heavily in pre-engagement preparation, documentation review, and gap assessment before any formal review begins.
We help CA firms prepare for and navigate the ICAI Peer Review process with structured gap assessments, documentation readiness support, and quality control system reviews — so the formal review proceeds smoothly and on schedule.
Our audit methodology combines risk-based planning, substantive testing, and management reporting to deliver audits that are meaningful, timely, and compliance-complete — not just form-filling exercises.
Every Peer Review and audit engagement is conducted with complete independence. Our evaluations are evidence-based, objective, and fully aligned with ICAI and applicable regulatory standards.
We prioritise thorough documentation at every stage. Well-organised working papers, engagement records, and quality control evidence form the foundation of our entire review process.
Our engagements begin with a comprehensive risk assessment — we identify high-risk areas first and direct our audit procedures accordingly for maximum effectiveness and coverage.
We communicate findings clearly and promptly. No unexplained delays, no jargon-heavy reports — just practical observations and prioritised recommendations your team can act on.
Beyond identifying gaps, we provide structured guidance on strengthening internal processes, quality control systems, and documentation practices for sustainable long-term improvement.
Every engagement at PKJN is led by a senior partner. Clients have direct professional access — not just support staff — at every critical stage of the review or audit process.
Specialised Peer Review, Audit & Assurance, and Advisory services for CA firms, corporates, banks, and professionals across Mumbai and Maharashtra.
ICAI-registered Peer Review Auditors providing structured, compliance-focused quality reviews for CA firms. We help you prepare thoroughly, navigate the ICAI process, and earn your Peer Review Certificate with confidence and minimal disruption.
Get Peer Reviewed →Independent statutory audits under the Companies Act, Banking Regulation Act, and other applicable laws — conducted with professional diligence, thorough documentation, and accurate financial reporting.
Learn More →Real-time concurrent audit for banks and NBFCs as per RBI guidelines. Our experienced teams conduct on-site reviews that identify irregularities early and strengthen branch-level internal controls.
Learn More →Comprehensive internal audit services evaluating controls, identifying process gaps, and providing structured recommendations to improve governance, risk management, and operational efficiency.
Learn More →Design, review, and update of Risk Control Matrices mapping business risks to mitigating controls — essential for internal audit planning, SOX compliance, management reporting, and audit committee presentations.
Learn More →Enterprise risk assessment and advisory — identifying, evaluating, and helping you mitigate strategic, operational, financial, and compliance risks to strengthen governance and protect business value.
Learn More →End-to-end IND AS implementation support for companies transitioning to Indian Accounting Standards — gap analysis, restatement support, accounting policy drafting, and complete disclosure assistance.
Learn More →IFRS transition support for companies with foreign listings or parent entities requiring full IFRS compliance — bridging the gap between India's IND AS and international reporting requirements.
Learn More →Tax Audit under Section 44AB, GST Audit and reconciliation — ensuring your filings are accurate, professionally documented, and compliant with current Income Tax and GST law requirements.
Learn More →At PKJN & Associates LLP we don't offer one-size-fits-all audit or peer review services. Every firm, business, and engagement has unique requirements — our role is to understand your specific situation before giving professional direction.
Authorised by ICAI to conduct Peer Reviews as an independent reviewer for CA firms across India.
All engagement documents, working papers, and findings handled with strict professional confidentiality.
We set clear timelines at the start and deliver on them — no last-minute surprises or unexplained delays.
Our proprietary checklist and audit framework ensures complete coverage — nothing missed, nothing assumed.
Our reports go beyond gap identification — they deliver prioritised recommendations your team can implement.
Many CA firms and corporate clients engage us across multiple review cycles, trusting us as long-term partners.
Our structured engagement process ensures every Peer Review and audit is planned, executed, and reported with consistency, transparency, and zero surprises at any stage.
We begin by understanding your requirements, current compliance status, and objectives. We define scope clearly — Peer Review, Statutory Audit, or Concurrent Audit — and agree on timelines, team, and deliverables before any formal work begins.
Before the formal review begins, we conduct a pre-assessment of your documentation, quality control systems, and prior compliance records. We identify gaps early so they can be addressed — reducing risk and ensuring a smoother, faster review process.
We execute the planned audit or Peer Review using our structured methodology. Working papers are documented thoroughly, findings recorded in real-time, and management kept informed at every key stage — no end-of-review information dumps.
We deliver a clear, concise report with observations, findings, and prioritised recommendations. For Peer Reviews, we guide the firm through the resolution process. For audits, we remain available for follow-up queries and management discussions thereafter.
Answers to the most common questions about ICAI Peer Review, Statutory Audit, Concurrent Audit, IND AS implementation, and related professional services.
ICAI Peer Review is a quality review process conducted by the Institute of Chartered Accountants of India (ICAI) to ensure that CA firms maintain required professional standards in their practice. It evaluates the firm's quality control system, engagement documentation, and adherence to professional standards and ethics.
Peer Review is mandatory for firms conducting statutory audits of listed companies, banks, insurance companies, and entities exceeding prescribed turnover thresholds. The ICAI Peer Review Board continues to expand mandatory applicability, making Peer Review readiness essential for all serious CA practices.
Key documents required for a Peer Review include:
PKJN & Associates LLP helps firms prepare, organise, and review all required documentation before the formal Peer Review commences.
For a small to medium-sized CA firm, the on-site review typically takes 2–5 working days, plus preparation time. The complete cycle — from ICAI's appointment of the Peer Reviewer to issuance of the Peer Review Certificate — generally takes 4–8 weeks. Larger multi-partner firms or firms with complex audit portfolios may require more time.
Our pre-review preparation support at PKJN & Associates LLP significantly reduces on-site review duration and minimises follow-up queries, helping firms complete the process efficiently.
Statutory Audit is a legally mandated independent examination of a company's financial statements conducted by an external CA firm. Its primary objective is to verify that the financial statements present a true and fair view under applicable laws — Companies Act, Banking Regulation Act, SEBI regulations, etc.
Internal Audit is a systematic, independent evaluation of internal controls, risk management processes, and operational efficiency. It can be conducted by an internal function or outsourced to a firm like PKJN. Internal Audit is mandatory under the Companies Act for certain categories of companies and voluntarily adopted by others for improved governance and oversight.
Concurrent Audit is a real-time or near-real-time examination of financial transactions as they occur — unlike periodic audits that review transactions after the accounting period has closed. It provides immediate feedback on transactions, enables early detection of irregularities, and strengthens branch-level internal controls.
Concurrent Audit is primarily mandatory for banks and NBFCs as per RBI and other regulatory guidelines. Banks are required to conduct Concurrent Audits at branches above prescribed business volume thresholds. PKJN & Associates LLP provides dedicated, experienced Concurrent Audit teams for banking and financial sector clients.
Companies mandatorily required to follow IND AS include:
Once a company crosses the threshold, it must continue with IND AS even if it subsequently falls below in later years. PKJN & Associates LLP provides complete IND AS transition planning, gap analysis, restatement support, and disclosure assistance.
Tax Audit under Section 44AB of the Income Tax Act is mandatory when:
The Tax Audit report (Form 3CA/3CB with Annexure 3CD) must be filed by a Chartered Accountant before the applicable due date. Late or non-filing attracts penalties under Section 271B.
A Risk Control Matrix (RCM) is a structured document that maps identified business risks to specific internal controls designed to mitigate them. A well-built RCM includes: risk descriptions, inherent risk ratings, control objectives, control descriptions, control owners, control frequency, and testing procedures.
RCMs are critical for internal audit planning, SOX compliance, audit committee reporting, and enterprise risk management. They help organisations understand risk exposure at a granular level and ensure adequate controls are documented and operating effectively. PKJN & Associates LLP develops, reviews, and updates RCMs for clients in manufacturing, BFSI, services, and technology sectors.
IFRS (International Financial Reporting Standards) are global accounting standards issued by the International Accounting Standards Board (IASB), adopted in over 140 countries for transparent, comparable financial reporting across jurisdictions.
IND AS is India's version of IFRS, notified by MCA with specific carve-outs and modifications for the Indian regulatory environment. Key differences exist in: treatment of certain financial instruments, lease accounting nuances, business combination accounting, regulatory deferral accounts, and specific disclosure requirements. Companies with foreign subsidiaries, JV partners, or foreign parent entities requiring global reporting may need full IFRS compliance in addition to IND AS. We assist with both implementations.
PKJN & Associates LLP brings a distinctive combination of experience, structure, and professional integrity to every Peer Review engagement:
Whether you need an ICAI Peer Review, Statutory Audit, Concurrent Audit, IND AS implementation, or Risk Advisory support — our team at PKJN & Associates LLP is ready to help with a structured, professional, and time-bound engagement.
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