Audit & Attestation
Electricity Company Audit
Audit of electricity generation, transmission and distribution entities.
Overview
Audit of electricity companies covers entities licensed under the Electricity Act, 2003, and includes the reporting requirements prescribed by the appropriate Electricity Regulatory Commission in addition to those under the Companies Act, 2013.
The engagement is performed in accordance with the Standards on Auditing issued by the ICAI, together with the sector-specific tariff and regulatory accounting requirements.
Scope & areas covered
- Statutory audit of generation, transmission and distribution entities
- Examination of regulatory assets, deferred tariff and true-up claims
- Verification of segment and tariff-related disclosures
- Reporting under the applicable regulatory framework
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