Independent, rigorous, reliable
Audit & Assurance
Our audit and assurance practice delivers independent, high-quality examination of financial statements and internal controls — giving stakeholders confidence in the numbers and helping management identify and address risks.
What We Cover
- Statutory audit under Companies Act
- Tax audit under Income Tax Act
- Internal audit & process review
- Bank/special purpose audits
- Due diligence for transactions
Our Audit & Assurance Services Include
Statutory Audit
Independent audit of financial statements under Companies Act, 2013 for private limited, public limited, and Section 8 companies.
Tax Audit
Audit and certification under Section 44AB of the Income Tax Act via Form 3CA/3CB/3CD.
Internal Audit
Process reviews, internal control testing, risk assessment, and management reporting for improved operational efficiency.
Bank & Special Purpose Audits
Stock audits, concurrent audits, and special purpose audits for banks, NBFCs, and other regulated entities.
Due Diligence
Financial, tax, and legal due diligence for mergers, acquisitions, funding rounds, and business purchases.
Key Service Features
Statutory Audit
Audit under Companies Act, 2013 for private and public limited companies.
Tax Audit
Form 3CA/3CB/3CD filing under Section 44AB of Income Tax Act.
Internal Audit
Process reviews, control testing, and management reporting.
Due Diligence
Financial, tax, and legal due diligence for M&A and funding transactions.
Who We Serve
Our Clients
- Private and public limited companies
- LLPs and partnership firms
- Banks and NBFCs
- NGOs and trusts requiring 12AB audit
- Startups raising funding
- Foreign companies with Indian subsidiaries
- Businesses undergoing M&A transactions
Frequently Asked Questions
Which companies require a statutory audit in India?
All companies registered under the Companies Act, 2013 regardless of turnover or profitability require a statutory audit by a Chartered Accountant. This includes private limited companies, public limited companies, OPCs, and foreign subsidiaries operating in India.
When is a tax audit under Section 44AB mandatory?
A tax audit is mandatory when business turnover exceeds Rs.1 crore (Rs.10 crore if 95% of receipts and payments are digital), or when professional receipts exceed Rs.50 lakh. It is also required when a taxpayer opts out of presumptive taxation under Sections 44AD, 44ADA, or 44AE.
What is an internal audit and does my business need one?
An internal audit independently examines your business processes, internal controls, risk management systems, and compliance framework. It is mandatory under the Companies Act for certain large companies. For growing businesses it helps identify inefficiencies and prevent fraud before they become material issues.
How long does a statutory audit take?
For most small and medium companies a statutory audit takes 2 to 4 weeks from the date we receive complete books and supporting documents. Complex audits with multiple entities or foreign transactions may take longer. We plan timelines in advance to meet all reporting deadlines.
What documents do I need to provide for the audit?
Typically required documents include trial balance, bank statements, fixed asset register, loan agreements, GST returns, TDS challans and returns, invoices, contracts, board resolutions, and the previous year audit report. We provide a detailed checklist at the start of each engagement.
What is the difference between a statutory audit and a limited review?
A statutory audit provides a high level of assurance based on comprehensive examination of financial records. A limited review provides moderate assurance based on enquiries and analytical procedures without full verification. Listed companies must have half-yearly financial results reviewed under SEBI regulations.
Do you conduct audits for non-profit organisations and NGOs?
Yes. We conduct audits for trusts, societies, and Section 8 companies including preparation of Form 10B, Form 10BB, and the annual activity report. We also assist with FCRA audit requirements for organisations receiving foreign contributions.