Audit & Assurance
Independent audit, internal controls, and transaction due diligence.
Assurance is about trust. Finavrit delivers meticulous statutory audits, tax audits under Section 44AB of the Income Tax Act, and internal audit reviews designed to strengthen corporate governance and operational controls.
We execute detailed compliance checks, verify ledger balances, and evaluate internal controls. Our due diligence services for mergers and acquisitions give buyers and investors a clear, risk-evaluated view of a target company’s financial health.
Audits are not a compliance burden; they are an opportunity to verify operational efficiency, prevent fraud, and build trust with banks and shareholders.
How We Work
Engagement Planning & Risk Audit
We outline the audit timeline, map material risk areas, and draft the request list.
Fieldwork & Verification
We execute sample testing, inspect vouchers, verify balances, and evaluate control parameters.
Audit Report & Board Presentation
We present draft findings to management, issue the audit opinion, and file regulatory tax audit reports.
Frequently asked questions
Which companies need a statutory audit?
Every private and public company requires an annual statutory audit regardless of turnover. LLPs above ₹40 lakh turnover need an audit, and tax audit under section 44AB applies above turnover thresholds (₹1 crore, or ₹10 crore for digital-dominant businesses).
What is the difference between a statutory audit and a tax audit?
A statutory audit verifies financial statements under the Companies Act; a tax audit verifies books and compliance under the Income Tax Act (section 44AB) and is reported in Forms 3CA/3CB and 3CD. Many companies need both.
How long does an audit take?
With well-maintained books, a typical SME statutory audit completes in 2–4 weeks after year-end. Delays usually come from incomplete ledgers, unreconciled bank statements or missing supporting documents.
Enquire about Audit & Assurance
Tell us about your requirement — your enquiry reaches the Audit & Assurance team directly, with the service attached.
Discuss your requirements for Audit & Assurance
Book a free consultation call to outline your business situation and secure a clear scope and quote.