Statutory & Tax Audits
Financial statement audits and tax audits under the Companies Act, 2013 and the income-tax law; bank statutory branch audits.
What it covers
- Statutory audit of companies under the Companies Act, 2013
- Tax audit under the income-tax law
- Bank statutory branch audits
- Audit of LLPs, firms and individuals where applicable
Who it is for
Companies, LLPs, partnership firms, banks and individuals with a statutory or tax-audit requirement.
Documents typically needed
- Books of account and financial statements for the period
- Prior-year audited statements and audit report
- Ledgers, bank statements and reconciliations
- Statutory registers and applicable tax records
How the process works
- 1Understand the entity, its records and the applicable audit framework
- 2Plan the audit scope and request the relevant records
- 3Carry out audit procedures and testing
- 4Discuss observations and finalise the audit report
For any specific matter, please contact the firm. The information here is general and does not constitute professional advice.