Auditing & Assurance
Independent audit and assurance engagements carried out to the Standards on Auditing (SAs) issued by ICAI — reported on plainly, with findings raised early rather than at sign-off.
Discuss this requirementAn audit is only useful if it surfaces what actually needs attention. Engagements are planned against materiality and risk, working papers are documented as the fieldwork progresses, and any control weakness or exception is raised with management before the report is finalised — not disclosed for the first time in the final draft.
This covers statutory audits required under the Companies Act, tax audits required under the Income-tax Act, internal audit assignments, and a straightforward review of financial statements before they go out under someone else's name.
- Companies crossing statutory audit thresholds
- Businesses & professionals liable for tax audit
- Boards seeking an internal controls review
- Businesses needing financials reviewed before sharing
Statutory Audit
Audit of financial statements under the Companies Act, 2013, culminating in an audit report and CARO reporting where applicable.
Tax Audit
Tax audit under Section 44AB for businesses and professionals crossing the prescribed turnover or receipts threshold, with Form 3CA/3CB and 3CD prepared and filed.
Internal Audit
Periodic internal audit of processes and controls, reported to management with a clear list of exceptions and recommendations.
Financial Statement Review
Independent review of financial statements for accuracy and presentation before they are shared with a lender, investor or authority.
Does every business need a tax audit?
No — tax audit under Section 44AB applies once turnover, receipts or presumptive-taxation conditions cross the prescribed thresholds. Whether it applies to a specific business depends on its numbers for the year, which is worth checking before assuming either way.
How far in advance should a statutory audit be scheduled?
Ideally as soon as the financial year closes, so fieldwork and finalisation can be completed well before the filing deadline rather than compressed into the final weeks.
Will I see findings before the final report?
Yes. Exceptions and control observations are shared with management during fieldwork, so nothing in the final report is a surprise.
Ready to scope out the auditing & assurance requirement?