Comprehensive audit solutions including tax audit, company audit, GST audit, and internal audit. Ensure compliance, identify risks, and optimize your business operations with our expert audit services.
We offer specialized audit services tailored to meet regulatory requirements and improve business performance.
Mandatory audit for businesses and professionals meeting specified turnover thresholds to ensure accurate income reporting and tax compliance.
Mandatory audit under Companies Act 2013 to ensure true and fair view of financial statements and compliance with regulatory requirements.
Annual audit for businesses with turnover exceeding ₹2 crore to verify GST compliance, input tax credit claims, and tax payments.
Independent evaluation of internal controls, risk management, and governance processes to improve organizational efficiency and compliance.
A systematic approach to ensure thorough examination, accurate reporting, and value-added recommendations.
Understanding client's business, assessing risks, developing audit plan, and allocating resources.
Detailed testing of transactions, verification of documents, evaluation of internal controls, and evidence gathering.
Analyzing findings, evaluating compliance, identifying issues, and assessing financial statement accuracy.
Preparing audit report, documenting findings, providing recommendations, and discussing with management.
Assisting with implementation of recommendations, addressing queries, and providing ongoing support.
Understand which audit applies to your business based on turnover, legal structure, and other criteria.
| Criteria | Tax Audit (44AB) | Company Audit | GST Audit | Internal Audit |
|---|---|---|---|---|
| Applicability Threshold | Business: ₹1 crore Profession: ₹50 lakh |
All companies (except specific exemptions) | Turnover > ₹2 crore | Voluntary or as per internal policy |
| Governing Law | Income Tax Act, 1961 | Companies Act, 2013 | GST Act, 2017 | Internal policies & best practices |
| Who Can Conduct | Chartered Accountant | Practicing Chartered Accountant | CA or Cost Accountant | Internal auditor or external firm |
| Due Date | 30th September (AY) | Within 30 days of AGM | 31st December (next FY) | As per audit plan |
| Penalty for Non-Compliance | 0.5% of turnover or ₹1,50,000 | ₹25,000 to ₹5 lakh + officer liability | ₹10,000 or 10% of tax due | Operational risks & inefficiencies |
| Key Forms/Reports | Form 3CA/3CB + 3CD | Audit Report + CARO | GSTR-9C + Certification | Internal Audit Report |
Note: These thresholds are subject to change as per latest amendments. Consult our experts for current requirements.
Prepare these documents for smooth and efficient audit process.
Note: Additional documents may be required based on the nature and scope of audit.
Get Complete Document ChecklistProfessional audit services offer multiple advantages beyond mere compliance.
Ensure adherence to Income Tax Act, Companies Act, GST laws, and other regulatory requirements to avoid penalties and legal issues.
Verify accuracy of financial statements, identify errors and frauds, and ensure true and fair view of financial position.
Identify inefficiencies, recommend process improvements, and enhance internal controls for better operational performance.
Identify legitimate tax savings opportunities, ensure proper tax planning, and optimize tax liability within legal framework.
Build trust among investors, lenders, regulators, and other stakeholders through transparent and verified financial reporting.
Identify and mitigate financial, operational, and compliance risks before they become significant issues for the business.
Choose the package that best suits your business needs and compliance requirements.
For small businesses
For growing businesses
For established organizations
All prices exclusive of GST. Custom quotes available for large organizations and group companies.
Find answers to common questions about audit requirements and processes.
Tax Audit is conducted under Income Tax Act (Section 44AB) for businesses/professionals meeting turnover thresholds. It focuses on income computation, deductions, and tax compliance. Company Audit is mandatory under Companies Act for all companies (with few exceptions) and examines financial statements for true and fair view, compliance with accounting standards, and company law provisions.
Yes, the same Chartered Accountant can conduct both tax audit and company audit, provided they are qualified and appointed as per respective laws. However, the scope, reporting requirements, and due dates differ for each type of audit. Many businesses prefer the same auditor for consistency and efficiency.
Missing audit due dates attracts penalties:
Tax Audit: Penalty of 0.5% of total turnover/gross receipts or ₹1,50,000, whichever is less.
Company Audit: Company penalty ₹25,000 to ₹5 lakh; officers in default ₹10,000 to ₹1 lakh.
GST Audit: Penalty of ₹10,000 or 10% of tax due, whichever is higher.
Additionally, delayed filing may lead to notices, scrutiny assessments, and loss of certain benefits.
Internal audit is mandatory under Companies Act 2013 for:
• Listed companies
• Unlisted public companies with paid-up capital ≥ ₹50 crore OR turnover ≥ ₹200 crore OR outstanding loans/borrowings ≥ ₹100 crore
• Private companies with turnover ≥ ₹200 crore OR outstanding loans ≥ ₹100 crore
For other companies, internal audit is voluntary but recommended for better governance and risk management.
Audit duration depends on:
• Size and complexity of business
• Quality of internal controls and documentation
• Type of audit (tax/company/GST/internal)
• Timeliness of client cooperation
Typically, tax audit takes 2-4 weeks, company audit 3-6 weeks, GST audit 2-3 weeks, and internal audit varies based on scope. Starting early ensures timely completion before due dates.
Don't risk penalties and regulatory issues. Partner with our audit experts for comprehensive, accurate, and timely audit services that add value to your business.
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