Audit & Assurance
Audit & Assurance Services
Independent statutory audits, Tax Audits under Section 44AB, internal risk reviews, stock verification, and due diligence.
Practice Scope & Regulatory Framework
Our audit methodologies conform strictly with Standards on Auditing (SAs) issued by the Institute of Chartered Accountants of India (ICAI). We conduct objective, in-depth evaluations that strengthen internal control mechanisms, detect financial anomalies, and assure stakeholders of financial fidelity.
Standard Deliverables & Engagements
1Statutory Audit under Companies Act, 2013 with CARO 2020 Reporting
2Tax Audit under Section 44AB of the Income Tax Act with Form 3CA/3CB and Form 3CD
3Internal Financial Controls over Financial Reporting (ICFR) testing
4Management, Internal & Operational Audits for operational risk mitigation
5Physical Stock and Inventory Verification with valuation certificates
Client Compliance & KYC Documentation Checklist
To initiate this practice engagement smoothly, clients are advised to prepare the following documentation:
- Trial Balance, General Ledgers, and Sub-ledgers for the financial year
- Board Meeting Minutes, Statutory Registers, and MoA/AoA
- Internal Control manuals and Standard Operating Procedures (SOPs)
- External Confirmation letters for bank balances, debtors, and creditors
Frequently Asked Questions (Audit & Assurance Services)
Q: When is a Tax Audit under Section 44AB applicable for Indian businesses?
For businesses with turnover exceeding ₹1 Crore (or ₹10 Crores if cash transactions do not exceed 5%), and for professionals with gross receipts exceeding ₹50 Lakhs.
Other Practice Disciplines
Direct Advisory Desk
Have an urgent tax notice, impending MCA filing deadline, or need a preliminary discussion?