An Audit Should Earn Its Fee
There are two kinds of audits. One is a yearly ritual: vouchers get ticked, a report gets signed, and nobody learns anything. The other examines the business hard enough that management ends the year knowing exactly where it stands, and lenders, investors and regulators can rely on what they read. We have spent sixteen years doing the second kind, for private companies, MNC subsidiaries, government enterprises and banks.
Statutory Audit under the Companies Act, 2013
Every Indian company needs one, regardless of size. Ours follow the ICAI’s Standards on Auditing end to end: books and records, Schedule III presentation, CARO 2020 reporting, related party scrutiny and going-concern assessment. We plan the audit backwards from your AGM and ROC deadlines, so the report is ready when the board needs it, not when the auditor gets around to it.
Tax Audit under Section 44AB, Income Tax Act, 1961
The tax audit report follows your business for years; assessing officers read Form 3CD line by line. We prepare and certify Forms 3CA/3CB and 3CD with that audience in mind, and we advise on the questions that catch businesses off guard: turnover computation, presumptive taxation interplay, and whether an audit applies to you at all this year.
Internal Audit
A statutory audit looks backward once a year; an internal audit watches the business as it runs. We build risk-based internal audit programmes that test processes and controls, follow transactions from start to finish and report findings management can act on the same quarter. For several corporate clients we function, in effect, as the audit committee’s eyes.
Transfer Pricing Audit
Audit and certification for international transactions with associated enterprises: Form 3CEB reporting, documentation review and the arm’s-length scrutiny that cross-border related-party dealings now attract.
Management Audit and Special Investigation Audits
Management audits of specific concerns the board wants examined, compliance audits against India’s various legal business frameworks, and special investigation audits where something has gone wrong and the facts need establishing quickly, quietly and defensibly.
Stock Audit and Special Assignments
Stock audits for bankers and management, fixed asset verification, revenue assurance and special-purpose certifications. Quick turnarounds, healthy scepticism and working papers that stand up to review.
Our Audit Method
- •Risk-first planning: we identify where the business could misstate before we open a single ledger.
- •Focused fieldwork: substantive testing and controls testing aimed at the risks that matter, not blanket vouching.
- •Partner review of every significant judgement and the final opinion.
- •No-surprise closing: management hears every finding in a meeting before anything appears in writing.
- •Follow-through: we track last year’s observations so problems get fixed, not refiled.