Audit & Assurance
Statutory audit, tax audit under section 63 of the Income-tax Act, 2025, internal audit, and audit of trusts and section 8 companies.
Detail shown on request
An audit is not something a business elects to have; it is something a statute requires of it. Which statute applies settles the scope, the standards, the form of the report and the date it is due.
Two obligations are commonly confused. A statutory audit under the Companies Act, 2013 opines on whether the financial statements show a true and fair view. A tax audit reports on tax particulars, taking those audited accounts as its starting point. A trust, a society and an LLP each carry a further audit under the law they are registered under.
Whose obligation this usually is.
- Companies Audited every year under the Companies Act, 2013, including a company that did not trade.
- Businesses and professionals in tax audit Turnover or gross receipts above the limit in section 63 of the Income-tax Act, 2025.
- Trusts, societies and section 8 companies Audit under the registering statute, and the report that holds an exemption in place.
- Companies within section 138 The internal audit the Companies Act, 2013 requires of a prescribed class of company.
Services with a full page.
Statutory audit under the Companies Act, 2013
Including CARO 2020 reporting.
Read moreTax audit under section 63
Form 26 under the Income-tax Rules, 2026.
Read moreInternal audit
Including audit under section 138 of the Companies Act, 2013.
Read moreAudit of trusts, societies and section 8 companies
The prescribed audit report for a charitable institution.
Read moreWhat usually starts a file.
Your auditor has resigned, been removed, or reached the end of the term the Act permits.
Turnover has crossed the tax-audit threshold, or you have stepped out of presumptive taxation.
A trust has been asked for its audit report while renewing registration or reporting a foreign contribution.
How this practice runs a file.
Eligibility checked first
Independence and disqualification are checked, and the outgoing auditor communicated with, before an appointment is accepted.
Scope in writing
The engagement letter records what is audited, for what period, and the reporting date, before fieldwork begins.
Queries as they arise
Observations reach you during the work, not in a bundle at the end when little can still be corrected.
Nothing new in the report
Every proposed modification to the opinion is discussed with you before the report is signed.
The law this work sits under.
Sections, forms and limits change by amendment and notification. We work from the provision in force for your period.
- Companies Act, 2013
- Appointment and rotation of the auditor, the report to the members, and CARO 2020.
- Income-tax Act, 2025
- Tax audit under section 63, reported in Form 26 under Rule 47 of the Income-tax Rules, 2026. A period up to 31 March 2026 stays under the repealed 1961 Act, where the provision was section 44AB.
- Standards on Auditing
- Issued by ICAI and mandatory. They fix how evidence is obtained, documented and reported.
The rest of what this covers.
Internal financial controls
Design, testing and reporting under section 143(3)(i).
LLP and partnership firm audit
FCRA audit and Form FC-4 annual return
Availability depends on a registration or empanelment the firm holds — ask us before relying on it.
Bank audit
Statutory branch, concurrent, revenue and stock audit.
Availability depends on a registration or empanelment the firm holds — ask us before relying on it.
Stock and fixed-asset verification
Certification and attest work
Net worth, turnover, utilisation and other statutory certificates.
Ind AS and Indian GAAP advisory
Conversion and financial-statement preparation support.
Where this connects.
An audit rarely ends at the report. A disallowance is argued in an assessment, a credit mismatch reconciled under GST.