Legal Compliance
Statutory and tax audits are mandatory — non-compliance attracts penalties and disallowance of expenses.
Audit & Accounts
Audit & Assurance Services
Accurate, independent, and timely audit services — statutory, internal, tax, and GST audits conducted by qualified Chartered Accountants with complete documentation.
Response within a few hours
Talk to a CA / CS / legal specialist — Mon – Sat · 11:00 AM – 7:00 PM.
+91 70444 10150
Overview
What is Audit & Assurance Services?
An audit is an independent examination of financial records, statements, and systems to verify their accuracy, compliance, and reliability. Calcutta Corporate’s qualified Chartered Accountants conduct all types of audits — statutory audit (mandatory for companies), income tax audit (mandatory above certain turnover thresholds), GST audit, internal audit, bank audit, stock audit, and cost audit — with meticulous documentation and adherence to ICAI standards.
Why do it
Key Benefits
Bank Loan Requirement
Banks require audited financials for all loan approvals — audited accounts strengthen your credit application.
Error Detection
Internal audits identify errors, inefficiencies, and fraud risks before they become major problems.
Investor Confidence
Investors and institutional funders require audited financials — a clean audit report builds trust.
Tax Savings
Tax audits ensure all eligible deductions are claimed correctly — potentially saving significant tax.
Regulatory Compliance
GST audits ensure your GST compliance is accurate — protecting you from department notices.
How it works
Step-by-Step Process
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01
Engagement & Planning
We understand your business, review internal controls, and plan the audit scope and timeline with you.
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02
Document & Record Review
Books of accounts, vouchers, bank statements, invoices, and supporting documents are reviewed and verified.
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03
Verification & Testing
Assets, liabilities, income, and expenses are verified against source documents and physical verification where required.
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04
Draft Report Preparation
Audit findings, observations, and recommendations are compiled into a draft audit report for your review.
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05
Management Discussion
We discuss significant findings and management responses before finalising the report.
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06
Final Audit Report & Certificate
Signed audit report and certificate are issued — ready for tax filing, ROC submission, or bank submission.
What you need
Documents Required
- Books of accounts (Tally / accounting software)
- Bank statements for the full year
- All sales and purchase invoices
- Fixed asset register
- Stock records / inventory statements
- Previous year audited financials
- Employee salary records and PF/ESIC details
- Loan agreements and repayment schedules
FAQs
Frequently Asked Questions
Who needs a statutory audit in India?
Every Pvt Ltd company, LLP above turnover threshold, and public company must have statutory audit by a qualified CA.
Who needs an income tax audit?
Businesses with turnover above ₹1 crore (₹10 crore for digital transactions) and professionals with gross receipts above ₹50 lakhs.
What is the due date for tax audit report?
Tax audit report (Form 3CA/3CB and 3CD) must be filed by September 30 for most taxpayers.
What is the difference between internal and statutory audit?
Statutory audit is mandated by law and the report goes to regulators/shareholders. Internal audit is done for management — to improve controls and efficiency.
How long does a statutory audit take?
Depends on company size and records quality — typically 2–6 weeks for small to mid-size companies.
Ready to get started with Audit & Assurance Services?
Our team will guide you through every step — from documentation to final registration. Most services are completed faster than you expect.