Basic Plan
₹****All inclusive
- Professional consultation
- Document preparation
- Government filing
The audit process typically involves:
Planning: The auditors plan the scope and objectives of the
audit, including identifying key risks and areas to focus on.
Fieldwork: Auditors collect and examine evidence through
procedures such as reviewing documents, testing transactions, and interviewing
personnel.
Reporting: After completing the audit procedures, auditors issue a report summarizing their findings. This report includes an opinion on whether the company's financial statements are presented fairly in accordance with applicable accounting standards and regulations.
Follow-up:
Auditors may provide recommendations for improving internal controls and
financial reporting processes based on their findings.
Companies often undergo audits annually, although some may require more frequent audits depending on factors such as industry regulations or stakeholder requirements. Audits are essential for maintaining transparency, ensuring accountability, and building trust with stakeholders. They can also help identify areas for improvement and mitigate financial risks.
A clear, structured delivery process from start to finish
CA/CS specialist reviews your requirements and confirms scope.
We share a checklist and collect through our secure portal.
Our team files all applications with government authorities.
Certificates and audit-ready documentation delivered on time.
Practical answers curated by our CA and CS desks for COMPANY AUDIT.
A company audit is a statutory examination of a company’s financial statements and records by an independent auditor to express an opinion on whether the statements give a true and fair view.
Every company, whether private or public, registered under the Companies Act, 2013 is required to maintain books of accounts and have them audited annually.
The main objective is to provide reasonable assurance that the financial statements are free from material misstatement, whether due to fraud or error, and comply with applicable accounting standards.
Beyond the statutory audit of financial statements, companies may also need internal audits, cost audits, secretarial audits or tax audits depending on their size and regulatory requirements.
The auditor for a company
is appointed under Section 139 of the Companies Act, 2013, and must be a
qualified chartered accountant or audit firm.
Management is responsible for preparing the financial statements, maintaining proper books of account, establishing internal controls, and making all information available to the auditor.
The auditor’s report covers
an opinion on whether the financial statements give a true and fair view,
whether books are properly maintained, and whether the accounting policies used
are appropriate.
If the auditor cannot obtain sufficient appropriate audit evidence or finds pervasive misstatements, they may issue a qualified opinion, adverse opinion or a disclaimer of opinion.
A proper audit strengthens stakeholder trust, improves transparency, helps identify internal control weaknesses and ensures statutory compliance—boosting business credibility.
Yes. If a company fails to appoint an auditor or produce audited financials, or misleads in its statements, regulators can impose penalties, demand rescinding of the statements or take legal action.
During audit, the auditor
evaluates the effectiveness of internal financial controls and identifies areas
of risk or inefficiency, offering recommendations to management.
No. An audit offers reasonable assurance, not absolute guarantee. Limitations exist in audit procedures and the possibility of undetected fraud remains.
We provide end-to-end audit
support—coordinating with your finance team, preparing and reviewing working
papers, liaising with auditor, ensuring timely filings and helping you
implement audit recommendations.
You’ll need your company’s financial statements, books of accounts, ledger schedules, internal control documentation, list of auditor communications, board resolutions and prior audit reports.
Timelines vary based on company size, complexity and readiness of records, but for a typical mid-sized company audit may be completed within a few weeks after year-end once records are finalised.
We combine deep technical expertise,
industry best practices, timely execution and clear communication—so you get
the audit done accurately, efficiently and with assurance for your
stakeholders.
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