Audit Firm in Dwarka — Statutory, Tax & Internal Audit

What is this

Independent audit of the financial statements of a company or other entity as required by law — examining the books, verifying balances and disclosures, and expressing an opinion in the auditor's report under the applicable framework and auditing standards.

Documents generally required

1. Financial statements, trial balance and ledgers
2. Bank statements and reconciliations
3. Sales, purchase and expense records with vouchers
4. Fixed asset register and depreciation workings
5. Statutory registers, minutes and prior-year audited accounts

What is this

Audit under section 44AB of the Income-tax Act where turnover or receipts cross the prescribed limits, or where presumptive provisions require it — with reporting in Form 3CA/3CB and the detailed Form 3CD.

Documents generally required

1. Books of account and financial statements
2. GST returns and reconciliation of turnover
3. TDS returns and challans
4. Details of loans, payments and disallowances relevant to Form 3CD
5. Previous year's tax audit report

What is this

A risk-based review of internal controls, processes and compliance — evaluating how transactions are authorised, recorded and safeguarded, and reporting practical recommendations to strengthen controls and reduce leakage.

Documents generally required

1. Process notes / standard operating procedures, where available
2. Access to accounting records and management reports
3. Purchase, sales and payroll cycles documentation
4. Prior internal audit reports and action taken

What is this

Verification of stock and receivables for banks and lenders, and other special-purpose audits and reviews — including agreed-upon procedures and management-requested checks on specific areas.

Documents generally required

1. Stock statements and inventory records
2. Debtor and creditor ageing
3. Sanction letters / lender requirements (for bank stock audit)
4. Purchase and sales records for the period under review

Yes. The firm is based at Plot No. 120, Sector-28, Dwarka, New Delhi – 110077 and provides statutory audit, tax audit, internal audit and stock audit for businesses across Dwarka, West Delhi and Delhi NCR.

Generally when business turnover exceeds the prescribed threshold (₹1 crore, extended to ₹10 crore where cash receipts and payments are within 5%), or professional receipts exceed ₹50 lakh, and in certain presumptive-tax cases. Applicability is confirmed after reviewing your figures.

A statutory audit is a legally mandated audit of financial statements resulting in an independent opinion; an internal audit evaluates controls, processes and risk to help management, and is not aimed primarily at an external opinion.

Typically the financial statements, ledgers and trial balance, bank statements, sales and purchase records with vouchers, GST and TDS returns, statutory registers, and the previous year's audited accounts and audit report.