Audit-ready in India,
every year, on time.
Audit and assurance covers the audits an India entity must complete — the mandatory statutory audit under the Companies Act, tax audit above turnover thresholds, and risk-based internal audit of controls — plus the group reporting your parent's auditors need. We keep foreign-owned entities audit-ready year-round and file on time.
Every Indian company must be audited annually, foreign-owned or not. We make sure your entity meets every statutory, tax, and internal-audit obligation, keep the books clean enough to avoid qualifications, and deliver India numbers that slot straight into your group audit.
- Statutory auditFiled
- Tax audit (3CD)Prepared
- Group reportingDelivered
- Statutory audit
- Companies Act compliant
- Internal audit
- Controls & risk
- Group-ready
- Reporting for your parent
Your India audit is mandatory. Is your entity ready for it?
- Statutory obligation
Do you know every audit your India entity must file?
Indian companies face a statutory audit under the Companies Act, plus tax audit and transfer-pricing reporting above thresholds. Missing one means penalties and director liability.
- Books not ready
Will the books survive an auditor's scrutiny?
Year-round bookkeeping gaps, unreconciled accounts, and missing documentation turn audit season into a scramble — and into qualifications your parent's auditors will question.
- Weak controls
Are controls strong enough to trust the numbers?
Foreign-owned entities run on remote oversight. Without internal audit and tested controls, fraud, leakage, and process gaps go unseen until they're expensive.
- Group reporting
Does India tie cleanly into your group audit?
Your parent's auditors need India numbers, schedules, and confirmations in their format and timeline. A disconnected local audit creates friction at group year-end.
An India audit is non-negotiable, but readiness is where entities trip — unmapped obligations, books that aren't audit-ready, weak controls under remote oversight, and a local audit that doesn't tie into the group. Each is avoidable with the right team on the file year-round.
The assurance work your India entity needs.
Statutory (Companies Act) audit
Independent audit of your India entity's financial statements under the Companies Act and applicable accounting standards — the annual audit every Indian company must file with the ROC.
- Financial statement audit
- Companies Act / Ind AS compliance
- ROC-ready audit report
Tax audit & reporting
Where turnover crosses the threshold, we conduct the tax audit under the Income-tax Act and prepare the required reports, aligned with your income-tax and transfer-pricing positions.
- Income-tax Act tax audit
- Form 3CA/3CB & 3CD
- Aligned with TP reporting
Internal audit & controls
A risk-based internal audit of your India processes — procurement, payroll, revenue, and cash — to find leakage, test controls, and give your board independent assurance.
- Risk-based audit plan
- Process & control testing
- Findings with remediation
Group & parent reporting
We deliver the schedules, confirmations, and reporting packs your parent's auditors need — in their format and on their timeline — so India consolidates without friction.
- Group reporting packs
- Audit confirmations & schedules
- Parent-auditor coordination
Certifications & special audits
FEMA and RBI certifications, fixed-asset and inventory verification, and the one-off certifications regulators or banks request — handled by the same in-house team.
- FEMA / RBI certifications
- Asset & inventory verification
- Bank & regulator certificates
Audit readiness & cleanup
Before audit season, we reconcile, document, and tidy the books so the audit runs clean — no qualifications, no last-minute fire drills, no surprises for HQ.
- Pre-audit reconciliation
- Documentation & schedules
- Qualification risk removed
From scattered books to a clean opinion.
We confirm which audits your India entity must file — statutory, tax, TP, and any special certifications — and the deadlines that apply.
We reconcile accounts, assemble documentation, and close the gaps that cause qualifications — so the audit starts on solid ground.
We conduct the statutory, tax, or internal audit, test the areas that matter, and resolve issues as they surface rather than at the end.
We file with the ROC and tax authorities and deliver the reporting your parent's auditors need for group year-end.
India audit & assurance, answered.
What is the difference between statutory audit and internal audit in India?
A statutory audit is a legally mandated, independent audit of a company's financial statements under the Companies Act — every Indian company must have one, and the report is filed with the Registrar of Companies. An internal audit is a management tool: a risk-based review of processes and controls (procurement, payroll, revenue, cash) to find leakage and weaknesses and give the board assurance. Statutory audit is about whether the accounts are true and fair; internal audit is about whether the business is being run with proper controls.
Is a statutory audit mandatory for a foreign-owned company in India?
Yes. Every company incorporated in India — including a wholly owned subsidiary of a foreign parent — must have its annual financial statements audited by an independent chartered accountant under the Companies Act, regardless of turnover or whether it has started trading. The audited statements are filed with the ROC each year. Above prescribed turnover thresholds, a separate tax audit under the Income-tax Act also applies.
When is a tax audit required in India?
A tax audit under Section 44AB of the Income-tax Act is generally required when a business's turnover exceeds the prescribed threshold (broadly ₹1 crore, extended to ₹10 crore where cash transactions are minimal), or for professionals above the gross-receipts limit. It's separate from the statutory Companies Act audit. We assess your thresholds each year and conduct both where they apply, aligned with your transfer-pricing reporting.
Can you coordinate with our parent company's auditors?
Yes. We deliver the schedules, confirmations, and reporting packs your group auditors require, in their format and on their timeline, and respond to their queries directly. The aim is that the India entity consolidates into the group audit cleanly, without your HQ finance team having to translate or chase the local numbers.
What happens if our India entity misses its audit or annual filing?
Non-compliance carries financial penalties that accrue over time, plus potential liability for the directors and disqualification risk in serious cases — and lapsed filings or audit qualifications surface in any future fundraise or sale. If your entity is behind, we run an audit-readiness cleanup, complete the outstanding audits, and bring the ROC and tax filings current.
How do you make audit season less painful?
By keeping the entity audit-ready year-round rather than fixing everything in the final weeks. Our team reconciles accounts, maintains documentation, and tracks the obligation calendar continuously, then runs a pre-audit cleanup before fieldwork. That removes the last-minute scramble and the qualifications that come from missing records.
Make your next India audit a formality.
Tell us about your India entity and where you are with audits. We'll map every obligation, get the books ready, and run the audit so it consolidates cleanly for your parent.