FAQs
Broadly, when business turnover exceeds ₹1 crore (₹10 crore if cash transactions are within the prescribed limit), when professional receipts exceed ₹50 lakh, or in certain presumptive-taxation cases. Limits can change, so please confirm for your year.
All companies must get their accounts audited. LLPs need an audit if turnover or contribution crosses the prescribed limits, and some trusts, societies and co-operatives also need one under their governing laws.
A statutory audit is a legal requirement that gives an independent opinion on the financial statements. An internal audit is a management tool that reviews processes, controls and risks throughout the year.
It depends on the size of the business and how organised the records are. Sharing a complete trial balance, ledgers, bank statements and supporting documents early speeds up the process.
Yes. We can review your books, reconcile accounts and prepare schedules in advance so the audit is smooth and finishes before the due date.