Prags Group – Comprehensive Audit Solutions
Empowering Banks, MSMEs & Enterprises with Trusted Financial Audits
About Us
Prags Group is a professional firm offering specialized audit, compliance, and financial advisory services. We deliver robust internal controls, fraud detection, and statutory compliance for organizations of all sizes—backed by expert Chartered Accountants and industry auditors.
- Expert Audit & Assurance
- Compliance & Risk Management
- Financial Advisory Services
- Fraud Detection & Prevention
Our Core Audit Services
Stock Audit
Validate Inventory. Strengthen Financial Reporting.
We perform physical verification and valuation of inventory to ensure proper reporting and safeguard against risks in inventory-intensive sectors.
Key Highlights:
- Physical stock & ledger matching
- Valuation method analysis (FIFO/LIFO/Wtd. Avg.)
- Obsolete/slow-moving item identification
- Reporting in bank/NBFC-prescribed formats
About Us
Stock Audit
Validate Inventory. Strengthen Financial Reporting.
We perform physical verification and valuation of inventory to ensure proper reporting and safeguard against risks in inventory-intensive sectors.
Key Highlights:
- Physical stock & ledger matching
- Valuation method analysis (FIFO/LIFO/Wtd. Avg.)
- Obsolete/slow-moving item identification
- Reporting in bank/NBFC-prescribed formats
- Ideal for: Borrowers with stock-based financing, manufacturers, retailers
Working Capital Audit
Ensure Responsible Fund Utilization. Strengthen Liquidity Oversight.
Designed for financial institutions, our audits help assess fund usage, liquidity, and compliance with banking terms.
Key Highlights:
- Drawing Power (DP) verification
- Analysis of receivables, payables, inventory
- Ratio analysis (current, quick, turnover)
- Fund flow tracking & end-use monitoring
- Ideal for: MSMEs with WC limits above ₹10 Cr, stressed borrowers
Project-wise Audit
Track Progress. Ensure Compliance. Improve Fund Accountability.
We audit project-specific funding to ensure funds are utilized as per plan and milestones are achieved.
Key Highlights:
- Sanctioned vs actual cost monitoring
- Vendor and bill scrutiny
- Payment validation & contract compliance
- Milestone-based fund deployment review
- Ideal for: Infrastructure projects, VC-funded startups, government-aided schemes
Internal Audit
Improve Controls. Detect Risks. Enhance Governance.
A structured internal audit system ensures risk management, policy adherence, and process optimization.
Key Highlights:
- Process audits and control gap identification
- Fraud prevention and risk mitigation
- Department-wise operational review
- Management reporting with insights
- Ideal for: Startups, SMEs, IT firms, family-run businesses
Statutory Audit
Ensure Legal & Financial Compliance with Confidence.
We help companies fulfill their statutory audit obligations under Companies Act and tax laws.
Key Highlights:
- Audit of financial statements as per Indian GAAP
- CARO, Tax Audit, and Company Law compliance
- Preparation of audit reports for regulators
- Assistance with ROC, MCA & tax filings
- Ideal for: Private/public companies, LLPs, NGOs, and regulated entities
Forensic Audit Services
A Forensic Audit is a detailed examination of financial records to detect fraud, misappropriation, or criminal activity. It combines auditing, investigative techniques, and legal support—often used in litigation, dispute resolution, or regulatory enforcement.
Key Highlights:
- Fraud Detection & Investigation
- Digital Forensics & Data Recovery
- Transaction & Trail Analysis
- Employee & Vendor Due Diligence
Bank Concurrent Audit Services
Concurrent Audit is an independent, real-time examination of bank transactions and processes to verify adherence to prescribed systems, procedures, and regulatory guidelines. It acts as an early warning system for banks to identify and rectify errors and irregularities promptly.
Key Highlights:
- Continuous verification of daily transactions
- Early detection of fraud or irregularities
- Compliance with RBI and internal policy guidelines
- Strengthening internal control and operational discipline
Performance Audit
At Prags Group, our Performance Audit services are designed to go beyond traditional compliance audits by assessing how efficiently, effectively, and economically an organization is utilizing its resources to achieve intended outcomes.
Key Highlights:
- To identify gaps between planned and actual performance
- To determine whether organizational activities meet defined goals and KPIs
- To promote transparency, accountability, and continuous improvement
- To assess if resources are utilized in the most productive and cost-effective manner
Compliance Audit
Compliance Audit is a comprehensive, independent evaluation of whether an organization adheres to applicable laws, regulations, codes of conduct, internal policies, and contractual obligations.
Key Highlights:
- To verify adherence to applicable regulatory frameworks
- To identify non-compliance risks and potential liabilities
- To assess the effectiveness of internal compliance controls
- To provide actionable recommendations for rectification
Why Prags Group?
- Domain expertise in banking & business audits
- End-to-end audit execution & reporting
- Technology-driven reporting tools
- Transparent and deadline-bound service
- Team of Chartered Accountants & financial experts
PRAGS GROUP
Why Prags Group?
- Domain expertise in banking & business audits
- End-to-end audit execution & reporting
- Technology-driven reporting tools
- Transparent and deadline-bound service
- Team of Chartered Accountants & financial experts
Partners in world wide
Testimonials
We are here to help you?
We know that the accounting and taxation needs for each business or family are unique. Tell us more about your needs, and concerns, and we will be happy to serve you.
Address
D-91, Sector 27, Noida (UP)
Info@pragsgroup.com
Phone
+91 8447786363