Statutory & Tax Audit Support: Unqualified Assurance
Eliminate audit friction, disallowances, and compliance penalties. Supervised by licensed Chartered Accountants, we prepare audit schedules, reconcile general ledgers against tax portals, ensure CARO 2020 compliance, and interface directly with independent statutory auditors.
Statutory & Tax Audit Support
End-to-end ledger scheduling, CARO disclosure compilation, and Section 44AB Form 3CD defense liaison for independent auditors.
Internal Financial Controls (IFC)
Evaluating standard operating procedures (SOPs), segregation of duties, internal control matrices, and process-level operational risks.
GST & Input Tax Credit Reconciliations
Comprehensive GSTR-9C annual audit dossier prep, Form GSTR-2B vs. purchase register matching, and supplier ITC eligibility vetting.
Due Diligence & Forensic Review
Pre-acquisition financial due diligence, transactional anomaly detection, vendor ledger forensics, and historical compliance health checks.
Comprehensive Audit Facilitation Disciplines
Facing an annual audit without structured working papers leads to qualified audit opinions and delayed MCA filings. Explore our four core audit support disciplines.
Statutory Audit Preparation (Companies Act)
We structure the entire statutory audit folder under the Companies Act, 2013, compiling Balance Sheet groupings, Profit & Loss schedules, trial balance reconciliations, and Director's Report drafts for auditor review.
- Schedule III Division I & II financial statement formatting
- Substantive sample voucher matching and documentation tracing
- Related party transaction (Section 188) disclosure notes
Tax Audit Facilitation (Form 3CA / 3CB / 3CD)
We prepare granular clause-by-clause schedules for Form 3CD under Section 44AB of the Income Tax Act, auditing cash expenditure ceilings (Section 40A(3)), TDS deductions, and depreciation claims.
- Clause 34 TDS compliance cross-matching against TRACES
- Section 43B statutory dues payment timing verification
- Quantitative inventory turnover and stock reconciliation audit
CARO 2020 & Internal Financial Controls (IFC)
Companies (Auditor's Report) Order (CARO 2020) imposes strict reporting on physical inventory, title deeds, Benami proceedings, and working capital limits. We prepare audit evidence verifying full compliance.
- Fixed Asset Register (FAR) physical verification reconciliation
- Quarterly bank stock statement vs ledger reconciliation
- Evaluation of Internal Financial Controls over Financial Reporting (IFCoFR)
Statutory Portal Reconciliations (26AS / AIS / GSTR)
Auditors scrutinize mismatches between accounting ledgers and government portals. We reconcile revenue against GSTR-1, tax credits against GSTR-2B, and withholding taxes against Form 26AS and AIS/TIS.
- Books of accounts vs Form 26AS & AIS/TIS tax credit match
- Annual GST turnover vs audited financial P&L reconciliation
- Third-party direct balance confirmation letter dispatch & tracking
Our Audit Facilitation Lifecycle: Scoping To Signed Report
Navigating an annual audit requires methodical working paper structuring, discrepancy resolution, and direct technical liaison with auditors. Here is how our Chartered Accountants manage the process.
Ledger Freeze & Trial Balance Audit
We lock accounting periods, review year-end closing entries, verify accruals and prepaid expenses, and generate clean trial balance groupings aligned with Schedule III.
Statutory Portal Reconciliations
We cross-match ledgers against Form 26AS, AIS/TIS, GSTR-2B, and bank statements, drafting written reconciliation schedules explaining timing differences.
Audit Working Papers Compilation
We build the complete auditor working paper dossier, including fixed asset registers, debtor/creditor aging, Form 3CD clauses, and CARO 2020 verification sheets.
Auditor Liaison & Report Sign-off
Our CA team fields auditor sampling requests, resolves technical accounting inquiries, coordinates Management Representation Letters (MRL), and secures the signed audit report.
Mandatory Work Products & Audit Asset Vault
Every audit support engagement produces tangible, verifiable files ready for statutory auditors and regulatory archiving. Here is the permanent inventory of assets delivered to your corporate repository.
Schedule III Financial Statement Pack
Complete financial statements (Balance Sheet, Profit & Loss, Cash Flow Statement, and Accounting Policies & Notes) structured strictly in accordance with Schedule III of the Companies Act.
Form 3CD Clause-by-Clause Workpapers
Exhaustive working papers for all 44 clauses of Form 3CD, including Section 40A(2) payments, Section 43B timing schedules, depreciation computation, and TDS compliance sheets.
CARO 2020 Verification Dossier
Verified documentation defending all CARO clauses, including fixed asset title deeds, inventory physical verification records, working capital drawing power checks, and default disclosures.
Statutory Portal Reconciliation Package
Formal line-by-line reconciliation statements matching general ledgers against Income Tax Form 26AS, AIS/TIS reports, GSTR-1 turnover, and GSTR-2B input tax credits.
Updated Fixed Asset Register (FAR)
Clean, categorized fixed asset register showing asset tag numbers, location, capitalization dates, depreciation calculated under Schedule II useful life, and net carrying value.
Signed Independent Auditor's Report
The definitive statutory audit report signed by the practicing independent Chartered Accountant firm, ready for board adoption, AGM approval, and MCA ROC filing via Form AOC-4.
Statutory Audits, Tax Audits & Compliance Answers
Clear answers regarding our audit support scope, statutory audit timelines, CARO 2020 preparation, and auditor liaison workflows.
Yes. Under Section 139 of the Companies Act, 2013, every incorporated company—whether a Private Limited Company, One Person Company (OPC), or Public Limited Company—must appoint an independent practicing Chartered Accountant to conduct an annual statutory audit, regardless of turnover or operational profit.
For businesses, a tax audit under Section 44AB is mandatory if annual turnover exceeds ₹1 Crore (or ₹10 Crores if cash transactions—both receipts and payments—do not exceed 5% of total transactions). For professionals, the threshold is ₹50 Lakhs gross receipts (or ₹75 Lakhs under presumptive taxation conditions).
We act as your dedicated management compliance and audit support desk. We prepare the accounts, compile working papers, build portal reconciliations, and handle CARO 2020 schedules. We then interface directly with your appointed independent statutory auditor to resolve queries and secure sign-off.
The Companies (Auditor's Report) Order (CARO 2020) mandates detailed reporting by auditors on 21 distinct operational clauses, including physical inventory verification, fixed asset title deeds, working capital borrowings exceeding ₹5 Crores, and Benami property. It applies to all companies except small private limited companies meeting specific paid-up capital, borrowing, and turnover criteria.
Tax audit reports (Form 3CA/3CB and 3CD) must be filed with the Income Tax Department on or before September 30 following the end of the financial year. Statutory financial statements must be adopted at the Annual General Meeting (AGM) by September 30 and filed with the MCA in Form AOC-4 within 30 days of the AGM.
We prepare line-by-line reconciliation schedules identifying timing differences (such as TDS deposited in a subsequent quarter), advance payments, or client PAN mismatches. Where necessary, we communicate with clients' finance teams to file revised TDS returns, ensuring your full tax credit is acknowledged.
A qualified audit report indicates that the auditor found material misstatements, non-compliance with accounting standards, or insufficient documentation. This can raise red flags with commercial banks, potential investors, and MCA regulators. Our support desk structures working papers in advance specifically to avoid qualifications.
Yes. We specialize in audit rescue assignments. Our Chartered Accountants step in to reconcile historical bank statements, match pending vendor invoices, reconstruct depreciation schedules, and close trial balances to prepare your books for the auditor.
Before reviewing ledgers, vouchers, or corporate contracts, we execute a legally binding, bilateral Non-Disclosure Agreement (NDA). All accounting databases, bank feeds, and audit workpapers are archived in encrypted, access-controlled repositories.
Submit an inquiry through our consultation desk. Our senior compliance director will conduct a preliminary audit readiness review of your trial balance, identify documentation gaps, and map out a structured timeline to complete your audit ahead of statutory deadlines.
Secure Clean, Unqualified Audit Reports Without Stress
Connect with our Chartered Accountants today for complete statutory audit preparation, Form 3CD tax audit workpapers, CARO 2020 verification, and professional auditor liaison.
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Auditor Liaison
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Reach out to our corporate headquarters for statutory audit preparation, tax audit schedules, or year-end portal reconciliations.
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Expect a structured response within 24 business hours.