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Top 10 Audit Firms in India 2024?

Are you struggling to choose a right audit firms to your company? Then you’re in the right place. In this blog you will know about top 10 audit firms in India that are helping the level of small startups to big conglomerate companies.

Lets get started.

Top CA Firms in India for 2024

Choosing the right CA firm for your accounting, auditing, taxation, or consulting needs can be daunting. To simplify this decision-making process, we’ve curated a list of India’s top CA firms based on their reputation, expertise, client base, and services offered. These firms have demonstrated excellence and reliability across various sectors. Whether you seek an Indian CA firm for compliance, advisory, assurance, or outsourcing, you can find the ideal choice from this comprehensive list.

1. Deloitte India

top audit firms in india

Deloitte India is a significant subsidiary of Deloitte Touche Tohmatsu Ltd., offering services like audit, tax, financial advice, legal, consulting, and risk advisory. Known for its large workforce and extensive global network, Deloitte India provides opportunities for trainees to learn and excel in these areas.

2. PwC India

top audit firms in india

Price Waterhouse Coopers (PwC) India has a global network of over 157 countries with over 280,000 professionals. PwC offers high-quality tax and advisory services, providing ample career opportunities in cities like Ahmedabad, Bengaluru, Chennai, Delhi NCR, Hyderabad, Kolkata, Mumbai, and Pune.

3. Ernst & Young (EY) India

top audit firms in india

EY India, a member firm of Ernst & Young Global Ltd., offers transaction advisory, assurance, advisory, tax, and consulting services. With its headquarters in London, EY India is one of the top four accounting firms in the country.

4. KPMG India

top audit firms in india

KPMG India, established in 1993, has offices in multiple cities including Ahmedabad, Bengaluru, Chennai, Delhi NCR, Hyderabad, Kolkata, Mumbai, Pune, and more. KPMG provides a wide range of financial, business advisory, tax regulation, and risk advisory services.

5. BDO India

top audit firms in india

BDO India, a part of one of the world’s fifth-largest accounting networks, offers services in tax regulation, risk advisory, financial services, and business advisory. BDO was founded in 1973 and is known for its extensive global reach and professional services.

6. Grant Thornton India

top audit firms in india

Grant Thornton India, with offices in cities like Ahmedabad, Bengaluru, Chennai, Delhi NCR, Hyderabad, Kolkata, Mumbai, and Pune, offers tax, assurance, and advisory services. The firm has a strong presence and provides valuable services to clients looking to expand or deal with complex transactions.

7. RSM India

top audit firms in india

RSM India specializes in audit, tax, and consultancy with offices in Mumbai, Delhi NCR, Chennai, Ahmedabad, Bengaluru, Hyderabad, Jaipur, Kolkata, Pune, and Surat. RSM is known for its client-centric approach and professional services.

8. SR Dinodia & Co. LLP

top audit firms in india

Based in New Delhi, SR Dinodia & Co. LLP provides audit, tax, accounting, and consulting services. The firm has a global presence with over 170 alliance partners in 85 countries, making it a reputable choice for aspiring CAs.

9. Lodha & Co.

top audit firms in india

Founded in 1941, Lodha & Co. has offices in Kolkata, Chennai, Hyderabad, Mumbai, New Delhi, and Jaipur. The firm provides services to corporate clients, including banks and public sector organizations, both in India and internationally.

10. Luthra & Luthra India

top audit firms in india

Luthra & Luthra is a prominent CA firm in India, offering services in audit, advisory, taxation, and corporate law. The firm is known for its high-quality services and focus on training its professionals to achieve organizational goals.

5 Major Things to Consider When Selecting An Audit Firm

Think about famous partnerships like Scooby-Doo & Shaggy or Batman & Robin. Just like these duos, your partnership with an audit firm should be built on trust and understanding. Here are five key factors to help you choose the right audit firm:

1. Reputation

Choose a firm with a solid reputation in the industry. Established firms bring trust and experience while newer ones might offer innovative approaches. Weigh the pros and cons carefully.

2. Experience and Expertise

Look beyond the firm’s reputation and assess the qualifications of the individual auditors. Check their industry experience, certifications and past audit completions to ensure they meet your specific needs.

3. Technology

Ensure the firm uses modern technology to streamline the audit process. Request a demo of their tools to see if they suit your requirements for efficient data gathering and analysis.

4. Ongoing Support

Your auditor should be a year-round advisor, not just a once-a-year contact. Ensure they have a robust communication plan to help you with changes, new business lines or additional compliance requirements.

5. Fees

Audit services can be costly, so find a balance between price and value. Avoid simply choosing the cheapest option; instead seek transparency in pricing and potential cost efficiencies for multiple assessments.

Conclusion

These top CA firms in India offer a strong foundation for launching a successful career in Chartered Accountancy. With their exceptional services, global presence, and commitment to excellence, these firms provide ample opportunities for professional growth and development.

FAQ’s

What percentage of NSE-listed companies are audited by the top 5 audit firms?

The top 5 audit firms audited 551 out of 1,869 NSE-listed companies in 2022-2023, which is approximately 29.48% of the total assignments.

How do the top audit firms compare to mature markets?

The Big Four firms audit 98 of the FTSE 100 companies and more than 98% of the Fortune 500 companies. In comparison, the numbers are lower in India due to regulations.

What percentage of market capitalization do companies audited by the Big Four account for?

Companies audited by the Big Four accounted for 57% of the total market capitalization of all NSE-listed companies during 2022-23.

Why do major listed companies prefer the top 5 auditors?

Major listed companies opt for the top five auditors due to their strong reputation. The top auditors also prefer to work with larger listed companies, especially in light of recent governance issues and regulatory actions.

How has the 2021 RBI guidelines affected the top audit firms?

The 2021 RBI guidelines on the appointment of statutory auditors in commercial banks, NBFCs, and housing finance companies have forced firms to leave some clients and cap growth.

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