Review of Accounts: Strengthen Your Financial Reporting
We help you review financial data, spot control issues and align your books with current standards, laws and reporting expectations.
The Value of a Thorough Accounts Review
When numbers do not quite add up - or something in the books feels a little off, a review of accounts helps bring things back into focus. It is not as heavy as an audit but goes deeper than basic bookkeeping, playing an important role in strengthening your business's financial control process.
Right from ledgers and trial balances to journal entries and bank inconsistencies, we take a very closer look at every element that could affect the reliability of your financial reporting or raise red flags during audits.
A review of accounts will help you in early identification of potential tax exposures, delayed statutory payments or internal control weaknesses - issues that can impact EBITDA margins and audit readiness.
With MSA, you get more than just a review - we check your financial records, validate journal entries and align your books with accounting standards, statutory rules and your business priorities.
Through a combination of analytical procedures, inquiries and internal control reviews, our financial statement review service will give you a more accurate picture of how your business is doing. This will help you make better decisions.
When Should You Consider a Review of Accounts?
There are moments in your business cycle when a closer look at your books becomes absolutely necessary.
Pre-audit preparedness
Before a statutory audit, to check for material misstatements and tighten internal control gaps.
New business ventures or expansion
To assess financial feasibility, cash flow strength and capital structure before scaling.
Changes in regulatory frameworks
When new tax rules or updates in Ind AS or Companies Act impact your disclosures.
Lender or investor requirements
When banks, NBFCs or potential investors ask for a financial statement review instead of an audit.
Irregularities in reporting
When trial balances, journal entries or reconciliations show inconsistencies across financial periods.
System transitions
During any ERP integration or accounting software migration, where you want to evaluate data integrity and workflow control.
Post-merger integration
To align ledger structures, revenue recognition and financial disclosures across merged entities.
Foreign transactions or compliance reviews
When handling cross-border payments, transfer pricing or FEMA-related filings.
What You Get With Our Review of Accounts
From financial integrity checks to internal control assessments, we review every part of your books that matters to stakeholders.
Review of General Ledger & Trial Balance
We examine the general ledger and trial balance for consistency, accuracy and unusual balances - helping detect misstatements and ensuring your financials align with the underlying books.
Journal Entry & Voucher Review
We analyse posted journal entries and supporting vouchers to check for proper classification, approval flow and documentation standards, reducing the risk of material misstatements or entry duplication.
Sub-ledger Reconciliation
Our team reviews sub-ledgers - like accounts receivable, payable and fixed assets - against the general ledger to identify mismatches, delays or gaps in reporting accuracy.
Bank Reconciliation & Cash Flow Checks
We review reconciliations, detect bank inconsistencies and trace movements to uncover possible leakages or irregularities affecting cash position and liquidity planning.
Revenue Recognition Review
We assess how revenue is recorded under Ind AS 115 or AS 9, with a focus on timing, cut-off and consistency with the financial reporting framework.
Expense Classification Audit
We examine your expense heads - especially the split between direct and indirect costs - to improve tax accuracy and true P&L reflection.
GST Reconciliation (GSTR-2B vs Books)
Helps you map your purchase registers with GSTR-2B to validate Input Tax Credit (ITC) claims and resolve mismatches before monthly filings.
TDS & Form 26AS Reconciliation
We verify your TDS deductions against Form 26AS to ensure accurate credit, timely booking and compliance under the applicable provisions of Section 194.
Review of Month-End & Year-End Closures
We evaluate your closing process, including cut-off procedures, recurring entries and adjusting transactions, to verify completeness and timeliness of financial reports.
Provisioning & Accrual Review
We analyse provisions and accruals, from employee benefits to vendor dues, ensuring they meet the standards of Ind AS 37 or AS 29.
Internal Control & Policy Compliance Review
We test key controls, segregation of duties and compliance with internal financial policies - highlighting gaps and recommending corrective actions where control breakdowns may exist.
Review of Board Minutes & Subsequent Events
We scan board meeting records and post-period events to assess their financial impact, disclosure requirements and potential review report notations.
MIS Reports & Variance Analysis Review
We check your monthly MIS reports and key variance trends to identify data gaps, costing issues or missed forecasting triggers.
Why Choose MSA for Reviewing Your Accounts
We do more than tick boxes - we decode your financial story with a deeper review methodology and a sharper compliance lens.
Reviews Backed by Risk Intelligence
We do not just read ledgers - we flag control weaknesses, highlight fraud risk indicators and map review findings to your business's financial health and regulatory posture.
Compliance With Review Frameworks
Our process aligns with SSARS 21 and ISRE 2400 standards, giving your stakeholders confidence in the limited assurance review without the weight of a statutory audit.
Smart Use of Analytical Tools
We apply variance analysis, forecasting reviews and transaction sampling to go beyond surface-level checks - spotting misstatements or unusual patterns early, before they snowball.
Actionable Output, Not Just Observations
You do not just receive a clean-up list. We deliver a structured report with insights, red flags and post-review suggestions tailored to your business environment and reporting goals.
Make Every Review Count Towards Better Decisions
Inaccurate financials, unexplained variances or gaps in financial reporting can gradually lead to serious problems.
At MSA, we do more than review your numbers - we help you understand what they mean. From uncovering control issues to improving reporting quality, our reviews lead to smarter decisions, cleaner books and better audit readiness. You get real insights, practical fixes and clarity on what needs attention - before it becomes a problem.
Let's take a closer look at your books - reach out to our team to get started.
Our Key Experts For Review Of Accounts
CA Shubha Shankar
Areas of Specialisation:
- Transaction, Ledger Management
- Budgeting Strategy, Planning
- Financial Reporting, Analysis
- Reconciliation & Assessment
CA Abhishek Gupta
Areas of Specialisation:
- Financial Analysis, Review
- MIS & Performance Analysis
- Variance, Trend Analysis
- Revenue & Cost Modelling
CA Abilash R
Areas of Specialisation:
- Cash Forecasting
- KPI Monitoring
- Books Finalisation
- Performance Evaluation
CA Prashanth Reddy
Areas of Specialisation:
- MIS Reporting
- Financial Planning
- Management Insights
- Budget Planning, Strategy