Audit & Assurance
Independent, rigorous audits that build stakeholder confidence and strengthen your governance frameworks.
What We Cover
- Statutory audit under the Companies Act 2013
- Tax audit under Section 44AB of the Income Tax Act
- Internal audit — risk-based planning, process controls, and findings report
- Concurrent audit and stock audit for banks and NBFCs
- GST audit and GSTR-9C reconciliation statement
- CARO 2020 reporting for applicable companies
- Management letter with actionable governance recommendations
- Special purpose and transaction-specific audit engagements
Key Deliverables
How We Work
Engagement & Planning
Understand the entity, assess risk, set materiality, and design the audit plan covering all significant account areas.
Fieldwork & Testing
Execute substantive tests, analytical reviews, and control testing. Verify balances, transactions, and disclosures.
Management Discussion
Discuss findings, adjustments, and management letter points. Resolve queries and obtain management representations.
Report Issuance
Issue the audit report with opinion, CARO annexure (if applicable), and detailed management letter with recommendations.
Is This Service Right for You?
Frequently Asked Questions
When is a statutory audit mandatory for a company?
Every company registered under the Companies Act 2013, regardless of turnover or capital, must get its accounts audited by a Chartered Accountant. This includes private limited companies, one person companies, and Section 8 companies. The auditor must be appointed at the AGM.
What is the difference between statutory audit and tax audit?
A statutory audit is conducted under the Companies Act 2013 and covers the true and fair view of financial statements. A tax audit under Section 44AB of the Income Tax Act is triggered when business turnover exceeds Rs 1 crore (Rs 10 crore with conditions) or professional receipts exceed Rs 50 lakhs. Both may apply simultaneously.
How long does an audit engagement typically take?
The duration depends on the size and complexity of the entity. A standard statutory audit for an SME typically takes 2-4 weeks from fieldwork to report issuance. Larger or more complex entities may require 4-8 weeks. We always provide a clear timeline at the engagement stage.
Do you conduct internal audits for SMEs?
Yes. Internal audit is mandatory for certain companies under Section 138 of the Companies Act, but we recommend it for all growing businesses. Our risk-based internal audit approach helps SMEs strengthen controls, reduce fraud risk, and improve operational efficiency even before they hit statutory thresholds.
What reporting standards do you follow?
We follow the Standards on Auditing (SAs) issued by ICAI for all audit engagements. Financial statements are reported under Ind AS for applicable companies and Indian GAAP (Accounting Standards) for others. Our reports comply with CARO 2020 and all applicable provisions of the Companies Act 2013.
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