Services - Vijayan & Arun Chartered Accountants

Complete Audit Coverage

Our systematic four-phase approach ensures thorough assessment, verification, and reporting on financial, regulatory, compliance, and process controls throughout your film's lifecycle. From budget finalization to final release, we provide expert guidance and comprehensive audit services.

Pre-Production & Budget Finalization

Timeline: From project inception to start of shooting

This critical initial phase ensures your project starts on solid financial footing with comprehensive budget review, financing verification, and contract compliance assessment.

📋

Budget Review & Approval

Evaluate proposed film budget for completeness and accuracy
Ensure budget allocations are realistic and aligned with production needs
Review budgeting for locations, equipment, cast/crew fees, insurance, legal, and contingency
Suggest improvements to budgeting controls and approval workflows

💰

Financing Verification

Audit financing sources including equity, loans, advances, and co-production contributions
Confirm documentary evidence for financing commitments
Verify terms of finance agreements, interest provisions, and repayment schedules

📄

Contract & Compliance Review

Review key contracts for cast, crew, vendors, and equipment rentals
Ensure compliance with labour laws, intellectual property rights, insurance coverages, and indemnities
Cross-check obligations with production insurance requirements

Production & Shooting Period

Timeline: From first day of shooting to wrap-up

Active monitoring and verification during the production phase ensures all expenditures are properly documented, controlled, and compliant with statutory requirements.

💵

Cost Tracking & Verification

Review expenditure records including payroll, vendor invoices, travel, logistics, and catering
Ensure original supporting documents are maintained
Compare actual spends against budget forecasts and flag deviations

🏦

Cash & Bank Audit

Verify movement of funds including cash disbursements and bank reconciliations
Confirm internal controls around petty cash and high-value expenses
Test sample transactions for authenticity and accuracy

⚖️

Statutory Compliance

Verify adherence to labour, tax, and employment laws
Check TDS/GST compliance where applicable
Review crew remuneration documents for compliance with wage rules
Ensure statutory deductions, remittances, and filings are timely

🛡️

Production Insurance & Risk

Validate insurance policies for cast, equipment, locations, and third-party liability
Confirm claims have correct documentation and approvals
Assess adequacy of risk-management procedures

Post-Production & Pre-Release

Timeline: Post shooting until release preparations

Comprehensive review of post-production expenses, intellectual property documentation, and revenue recognition planning to prepare for successful release.

🎬

Post-Production Expense Review

Validate costs for editing, VFX/graphics, ADR, music licensing
Review sound design, dubbing, and mastering expenses
Audit third-party vendor invoices and contracts

©️

Intellectual Property & Rights

Audit documentation for copyrights, music rights, and distribution rights
Confirm contracts support revenue streams (theatrical, digital, broadcast, overseas)

📊

Revenue Recognition Planning

Review contracts with distributors, OTT platforms, and broadcasters
Verify revenue share terms, minimum guarantees, and box-office reporting mechanisms

💼

Tax Planning Advisory

Advise on optimal tax planning structures
Strategies to minimize tax liabilities while ensuring compliance

Release & Closure

Timeline: Release through final reporting

Final phase ensuring accurate revenue reporting, comprehensive financial statements, and all necessary compliance certifications for stakeholders.

🎥

Box-Office & Collections Reporting

Validate collection reports from theatres, distributors, and digital platforms
Confirm reporting integrity and reconcile with recognized revenue

📈

Final Financial Statements

Prepare audited financial statements including statement of costs and revenues
Complete cash flow and bank reconciliations
Provide variance analysis versus budget

✅

Compliance Sign-off & Certificates

Issue audit certificates needed by financiers, investors, and statutory bodies
Provide compliance certificates for tax and legal submission

Audit Deliverables

Comprehensive documentation and reporting throughout the audit engagement

Interim Audit Reports

Periodic reporting during production providing real-time insights into financial performance and compliance status.

Variance & Compliance Reports

Detailed analysis of budget versus actual expenditures and identification of statutory compliance gaps.

Final Audit Report

Comprehensive project audit report with professional opinion on financial statements and controls.

Certificates for Lenders/Financiers

Official confirmation documents for financing partners and stakeholders.

Statutory Filings Support

Assistance with required statutory filings and preparation of audit annexures.

Fee Structure

Transparent pricing for comprehensive audit services

PROFESSIONAL ENGAGEMENT

Movie Audit Package

₹7,50,000

+ applicable GST

Complete audit coverage from commencement to release
All four audit phases included
Interim reviews and reports
Final audit report with opinion
Statutory and stakeholder certifications
Regular communication and support

ON-SITE SUPPORT

Shooting Period Personnel

₹20,000

per month + GST

Qualified audit personnel on-site
Available during shooting days
Real-time expense tracking
Document verification support
Daily bata at actuals or agreed rates
Travel and accommodation arranged by production

Note: All fees are exclusive of Goods and Services Tax (GST), which will be charged extra as per prevailing law. Daily bata for on-site personnel covers food and incidental expenses at shooting locations. Travel, boarding, and lodging arrangements to be made by the Production House unless otherwise agreed.

Our Services