Audit Assistance – FAQs
Statutory Audit: Mandatory under the Companies Act.
Internal Audit: Ensures effective internal controls and risk management.
Tax Audit: Required under the Income Tax Act for certain businesses.
All companies registered under the Companies Act are required to conduct statutory audits annually.
An internal audit helps in detecting risks, preventing frauds, and improving operational efficiency.
As per the Income Tax Act, a tax audit is required if turnover exceeds prescribed thresholds (depending on business type and conditions).
We prepare your books, reconciliations and schedules, and coordinate with the auditor for timely completion of the audit.