PCAOB Audits for Public Companies and IPO Candidates
Shah Teelani & Associates is a PCAOB-registered audit firm serving U.S. and international companies. We provide independent financial statement audits and quarterly reviews for SEC-reporting companies and businesses preparing to access U.S. public markets.
Our services include annual audits for Form 10-K and Form 20-F reporting, interim reviews for Form 10-Q, and audits of financial statements included in S-1 and F-1 registration statements. Our approach combines partner involvement, risk-based planning and clear communication with management and audit committees.
PCAOB Registration No. 7161 | Based in India, serving companies internationally
Public Company Audits
Independent financial statement audits under PCAOB standards for annual SEC reporting.
Quarterly Reviews
Reviews of interim financial information for Form 10-Q reporting under PCAOB standards.
IPO & Registration Audits
Audits of financial statements included in S-1 and F-1 registration statements.
Foreign Private Issuer Audits
PCAOB audits for foreign private issuers reporting under U.S. GAAP or IFRS as issued by the IASB, as applicable.
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About Shah Teelani
Shah Teelani & Associates is an India-based, PCAOB-registered audit firm serving U.S. and international companies. We provide independent financial statement audits and interim reviews for SEC-reporting companies, foreign private issuers and businesses preparing for U.S. public offerings. Our audit work addresses financial reporting under U.S. GAAP or IFRS as issued by the IASB, as applicable.
Our approach combines partner involvement, risk-based audit planning and clear communication with management and audit committees. From annual reporting and quarterly reviews to financial statements included in registration statements, we focus on obtaining appropriate audit evidence, evaluating financial disclosures and coordinating engagement milestones with your finance team and legal counsel.
PCAOB Audits
Public Company Audits
Form 10-Q Reviews
IPO & Registration Statement Audits
Foreign Private Issuer Audits
SPAC & De-SPAC Audits
PCAOB Audit & Public Company Reporting Services.
PCAOB & Public Company Audits
Independent financial statement audits conducted under PCAOB standards for SEC-reporting companies. Our work includes annual financial statements presented in Form 10-K, with attention to significant accounting judgments, financial disclosures and audit committee communications.
Reviews of interim financial information under PCAOB standards for quarterly SEC reporting. We perform inquiries, analytical procedures and other required review procedures, communicating identified matters to management and the audit committee.
Audits of historical financial statements included in S-1 and F-1 registration statements. We coordinate audit milestones with management and legal counsel and address auditor-related matters arising during the registration process.
PCAOB audits of financial statements for foreign private issuers, including annual reporting on Form 20-F. Engagements address U.S. GAAP or IFRS as issued by the IASB, as applicable, including consolidated groups and cross-border operations.
PCAOB financial statement audits for SPACs and companies preparing for de-SPAC transactions. Audit procedures address relevant matters such as transaction accounting, equity instruments, historical financial information and financial statement disclosures.
Auditor consents for the inclusion or incorporation of our audit reports in registration statements, and comfort letters for eligible securities offerings. These services are subject to applicable professional standards, required procedures and engagement-specific terms.
Why Choose us
Why Choose Shah Teelani for Your PCAOB Audit?
Public-company reporting requires an independent auditor who understands your business, significant accounting judgments and reporting obligations. Shah Teelani & Associates combines partner involvement, risk-based audit planning and clear communication throughout the engagement.
Focused on Public Company Audit Requirements
Our approach addresses the demands of annual audits, quarterly reviews and financial statements included in U.S. registration statements. We establish clear information requests and engagement milestones, evaluate significant reporting matters and communicate findings to management and audit committees.
- Partner Involvement: Direct engagement with senior professionals on significant audit matters and accounting judgments.
- Risk-Based Audit Approach: Procedures tailored to your business, industry, transactions and assessed risks of material misstatement.
- Relevant Financial Reporting Knowledge: Evaluation of financial statements under U.S. GAAP or IFRS as issued by the IASB, as applicable.
- Clear Communication and Coordination: Timely discussion of information requirements, outstanding matters and audit findings with your finance team, audit committee and legal counsel.
Independent, Risk-Based Audits
Our PCAOB audit approach focuses on your business, significant transactions and risks of material misstatement. We apply professional skepticism, evaluate audit evidence and communicate significant findings to management and the audit committee.
Organized Audit Coordination
Clear information requests, document tracking and regular progress discussions help your finance team coordinate the engagement. We identify outstanding items and discuss accounting and disclosure matters as they arise throughout the audit or interim review.
Clear Scope, Fees & Milestones
Each engagement defines the services, reporting periods, responsibilities and fee arrangements in writing. We agree planned milestones with your team and communicate changes in scope or timing, including those arising from outstanding information or significant audit matters.
Our Credentials & Audit Focus
PCAOB Registration
Shah Teelani & Associates PCAOB Registration No. 7161
Public Company Reporting
Annual financial statement audits and quarterly interim reviews for SEC-reporting companies.
U.S. GAAP & IFRS
Audits of financial statements prepared under U.S. GAAP or IFRS as issued by the IASB, as applicable.
International Engagements
Serving U.S. and international companies, including foreign private issuers and IPO candidates.
Our PCAOB Audit Process
Successful financial control process
A structured approach to independent public-company audits, from engagement acceptance and risk assessment to audit procedures, completion and reporting.
01
Acceptance & Independence
We evaluate the proposed engagement, assess independence and complete client acceptance procedures. We establish the audit scope, reporting periods, responsibilities and fee arrangements in an engagement letter.
02
Planning & Risk Assessment
We develop an understanding of your business, financial reporting processes and relevant internal controls. We identify and assess risks of material misstatement, determine materiality and plan audit procedures tailored to the engagement.
03
Audit Procedures & Evidence
We perform procedures to obtain sufficient appropriate audit evidence, including testing transactions, balances, estimates and disclosures. We discuss significant accounting matters and outstanding information with management as the audit progresses.
04
Completion & Reporting
We evaluate audit findings, identified misstatements and financial statement disclosures, and complete applicable engagement quality review procedures. We communicate required matters to the audit committee and issue our auditor’s report when the necessary procedures are complete.
Jinesh Shah
Managing Partner (F.C.A, LLB, B. Com)
Jitendra Teelani
Managing Partner (F.C.A, LLB, B. Com)
Amal Dhru
Financial Consultant | MBA | CA | Author
Mohit Tapariya
Partner (CPA, CMA)
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Frequently Asked Questions
Is Shah Teelani & Associates a PCAOB-registered audit firm?
Yes. Shah Teelani & Associates is an India-based chartered accountancy firm registered with the Public Company Accounting Oversight Board under registration no. 7161. We provide independent audit and interim review services for U.S. and international companies, subject to client acceptance and applicable independence requirements.
Do you provide audits for IPOs and SEC registration statements?
Yes. We audit historical financial statements included in S-1 and F-1 registration statements for companies preparing for U.S. public offerings. We coordinate audit milestones with management and legal counsel and address auditor-related matters during the registration process. Auditor consents and comfort letters may also be provided where applicable, subject to required procedures and agreed engagement terms.
Do you provide quarterly reviews for Form 10-Q?
Yes. We review interim financial information under PCAOB standards for inclusion in Form 10-Q. A quarterly review primarily involves inquiries and analytical procedures and is substantially less extensive than an audit. It does not provide an audit opinion.
Do you audit foreign private issuers and international groups?
Yes. We provide PCAOB audits for foreign private issuers and international groups with U.S. reporting requirements, including financial statements included in Form 20-F and F-1 registration statements. We address consolidated financial reporting and cross-border audit coordination under U.S. GAAP or IFRS as issued by the IASB, as applicable.
What information is needed to obtain an audit proposal?
Please share your company’s business activities, organizational structure, reporting status, latest financial statements and the periods requiring an audit or review. We also consider reporting deadlines, significant transactions and predecessor auditor details, where applicable. Following an initial assessment, we outline the proposed scope, fees and expected timeline, subject to client acceptance and independence evaluation.
