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.
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.
Who we act for
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.
When to call us
- 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.
Services in this practice
- Statutory audit under the Companies Act, 2013
- Tax audit under section 63
- Internal audit
- Internal financial controlsDesign, testing and reporting under section 143(3)(i).
- LLP and partnership firm audit
- Audit of trusts, societies and section 8 companies
- FCRA audit and Form FC-4 annual return
- Bank auditStatutory branch, concurrent, revenue and stock audit.
- Stock and fixed-asset verification
- Certification and attest workNet worth, turnover, utilisation and other statutory certificates.
- Ind AS and Indian GAAP advisoryConversion and financial-statement preparation support.
How we work
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.
Governed by
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.