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Statutory, Tax & Internal Audits

Maintain statutory transparency and secure clean audit certificates. Managed by certified Chartered Accountants (CAs) in Thane, Mumbai.

Quick Service Summary (AEO Answer)

What are Audit Services? An independent examination of financial records, transaction statements, and regulatory compliance to issue audit certificates.
Why is it important? Ensures legal compliance under MCA and Income Tax Act, detects internal fraud, and validates accounts for credit evaluation.
Who needs it? All registered companies (statutory), and businesses crossing turnover threshold limits (tax audit).
Cost & Processing Time Custom pricing based on transactions volume. Takes 10 to 20 working days.

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Audit Services Overview

An audit is a critical validation of your business's financial health, providing reassurance to stakeholders, investors, and banks. In India, audits are regulated under multiple laws: the Companies Act, 2013 (which mandates Statutory Audits for all companies) and the Income Tax Act, 1961 (which mandates Tax Audits for businesses crossing turnover thresholds). Fintax provides objective, comprehensive audit evaluations with minimum operational disruption.

Types of Audit Services We Perform

  • Statutory Audits: Independent review of company financial reports, assuring shareholders that assets, liabilities, and profits reflect a "true and fair" view.
  • Tax Audits (Section 44AB): Mandatory for businesses with annual turnover exceeding ₹10 Crore (for digital transactions) or ₹1 Crore (for cash-heavy businesses), and professionals exceeding ₹50 Lakhs.
  • Internal Audits: Evaluation of internal controls, risk management, and administrative workflows to identify leakages and prevent errors.
  • GST Audits & Reconciliations: Review of GSTR returns, verification of tax rates, and annual reconciliation certificates under GST laws.

Our Audit Methodology

Step 1

Audit Planning & Scope

We analyze your business operations, identify high-risk accounts, and outline documentation checklists for your team.

Step 2

Transaction Testing & Verification

We verify bank reconciliations, expense bills, sales invoices, asset records, and compliance files against statutory guidelines.

Step 3

Draft Report & Discussion

We compile findings, discuss adjustments with management, and resolve queries regarding tax treatments or provisions.

Step 4

Final Certification & Sign-off

Our Chartered Accountant signs the audit reports, generates the Unique Document Identification Number (UDIN), and uploads reports to tax portals.

Audit Services FAQ

Yes. Every Private Limited Company incorporated in India must undergo a statutory audit by a certified CA annually, regardless of turnover, loss, or transaction volume.

UDIN (Unique Document Identification Number) is a security number generated by CAs on the ICAI portal for every certified document. It prevents forgery and validates that the signer is a registered Chartered Accountant.