What is Statutory & Tax Audit?
Statutory Audit is a legally mandated examination of a company's financial statements under the Companies Act 2013, conducted by an independent Chartered Accountant. Tax Audit under Section 44AB of the Income Tax Act is required when turnover exceeds prescribed thresholds. Both audits require detailed examination of books, controls, and disclosures.
Scope of Our Services
- Statutory audit of companies — private limited, public limited, LLP, Section 8
- Tax audit under Section 44AB — Form 3CD preparation and filing
- Internal audit — process reviews, control assessments, risk-based audit
- Concurrent audit for banks, NBFCs, and financial institutions
- Stock audit and physical verification of inventory
- Revenue audit and cost audit
- Special purpose audit — for fundraising, M&A due diligence, regulatory requirements
- Audit of NGOs and Section 8 companies for 80G/12A compliance
- Bank branch audit and limited review engagements
Why it matters: Non-compliance in this area carries significant penalties and regulatory exposure. Our team ensures you are always ahead of your obligations.
Our Audit Methodology
01
Understand the entity's business, accounting policies, and applicable regulatory framework
02
Conduct risk assessment and design audit procedures accordingly
03
Test internal controls and verify key account balances and disclosures
04
Prepare audit report, management letter, and Form 3CD with detailed observations
05
Finalise and submit audit report within statutory timelines
Related Expertise
Internal AuditTax AuditNBFC AuditStock AuditNGO Audit