Homeย > Services > Statutory & Tax Audit
Accounting & Audit
Mandatory audits handled with precision โ statutory audit under the Companies Act for all registered companies, and tax audit under Section 44AB for businesses above the turnover threshold.
Homeย > Servicesย >Private Limited Company Registration
Statutory audit is the legally mandated independent examination of a company’s financial statements and records โ required for every Private Limited Company, Public Limited Company, and LLP under the Companies Act 2013 and the LLP Act 2008. The audit must be conducted by a qualified, independent Chartered Accountant. Tax audit under Section 44AB of the Income Tax Act is additionally required for businesses with turnover exceeding โน1 crore (โน10 crore for predominantly digital businesses) and professionals with receipts above โน50 lakhs. Calcutta Corporate’s qualified CAs conduct both statutory and tax audits with complete accuracy, meticulous documentation, and strict adherence to ICAI standards and legal timelines.
Statutory audit is mandatory for every registered company โ non-compliance attracts penalties on the company and its directors under the Companies Act.
Audited financial statements are required for bank loans, investor due diligence, and government tenders โ a clean audit report builds credibility.
Tax audit ensures all deductions are correctly claimed and income is properly reported โ protecting you from disallowances and future notices.
Audited financial statements are required for annual ROC filings (AOC-4, MGT-7) โ no audited accounts means non-compliance with MCA.
Statutory audit identifies misstatements, fraud, and internal control weaknesses โ protecting the company and its shareholders from financial risks.
A properly conducted statutory audit provides a legal shield โ directors can demonstrate due diligence and proper financial governance.
Board resolution appointing the auditor is passed; Form ADT-1 is filed with ROC within 15 days of AGM for company auditor appointments.
We assess the company's business, internal controls, and risk areas โ designing an audit plan tailored to your company's size and complexity.
All books of accounts, vouchers, invoices, minutes of meetings, and statutory registers are reviewed and verified against financial statements.
Assets, liabilities, income, and expenses are independently verified โ including physical verification, bank confirmations, and debtor/creditor confirmations.
Statutory audit report is prepared per SA (Standards on Auditing); CARO 2020 report covers additional observations on loans, fraud, and compliances.
Signed audit report is attached to financial statements for AGM presentation and ROC filing. Tax audit report (Form 3CA/3CB) is filed on the Income Tax portal.
Our team will guide you through every step โ from documentation to final registration. Most services are completed faster than you expect.