Audit Services in India | Statutory, Tax & Internal Audit
At N C Agrawal & Associates, we provide end‑to‑end audit services designed to meet statutory requirements, improve financial discipline, and reduce compliance risk. Our audits are practical, law‑driven, and focused on clarity, not just ticking boxes.
We work with companies, LLPs, trusts, NGOs, professionals, and businesses across India, with strong on‑ground experience in Delhi NCR, Mumbai, Bangalore, Hyderabad, and other major cities.
What is an Audit and Why It Matters
An audit is an independent examination of financial records, systems, and compliance to ensure accuracy and adherence to applicable laws. A properly conducted audit helps:
- Identify errors and non‑compliances early
- Improve internal controls and processes
- Build credibility with banks, investors, and regulators
- Avoid penalties, notices, and litigation
In today’s compliance environment, audits are no longer optional hygiene checks. They are a critical risk‑management tool.
Types of Audit Services We Offer
Statutory Audit
Statutory audit is mandatory for companies and certain entities under the Companies Act, 2013 and other applicable laws. We handle:
- Company statutory audits
- LLP statutory audits
- Trust and society audits
- Audit reports and CARO compliance
Our approach focuses on accuracy, documentation strength, and audit defensibility.
Tax Audit under Section 44AB
Tax audit is required when turnover or receipts exceed prescribed limits under the Income Tax Act. Our tax audit services include:
- Tax audit reports in Form 3CA / 3CB and 3CD
- Verification of books and disclosures
- Identification of tax risks and reporting gaps
- Alignment with income tax returns
We ensure clean reporting that withstands scrutiny and avoids future notices.
Internal Audit
Internal audit helps businesses improve efficiency and internal control systems. We provide:
- Process‑based internal audits
- Risk assessment and control testing
- SOP review and improvement
- Management reporting with actionable insights
Ideal for growing businesses, funded startups, and entities preparing for statutory or tax audits
Concurrent Audit
Concurrent audit is commonly required by banks and financial institutions. Our services cover:
- Transaction‑level verification
- Compliance with RBI and bank guidelines
- Timely reporting and exception tracking
- Support during bank inspections
Other Audit Services
- GST Audit and GST review
- Stock and inventory audit
- Management audit
- Due diligence and special purpose audits
Who is Required to Get an Audit Done
Audit applicability depends on the nature of entity and applicable law, including:
- Companies under the Companies Act, 2013
- Businesses crossing limits under Section 44AB
- Trusts and NGOs under applicable statutes
- Entities mandated by banks or regulators
We help clients determine audit applicability and ensure timely compliance.
Our Audit Process
We follow a structured, transparent audit approach:
- Understanding business model and risk areas
- Review of books, records, and systems
- Compliance verification under applicable laws
- Issue identification and discussion with management
- Final audit report with clear observations
Why Choose N C Agrawal & Associates
- Experienced Chartered Accountants
- Strong knowledge of tax and corporate laws
- Practical, business‑oriented audit approach
- Clear communication and timely delivery
- Support during assessments and scrutiny
We don’t just audit numbers. We help clients understand what those numbers mean.
Frequently Asked Questions (FAQs)
Is audit mandatory for every business?
No. Audit depends on turnover, entity type, and applicable law. We can help you assess whether audit applies to you.
What is the due date for tax audit?
Tax audit reports are generally required to be filed before the income tax return due date prescribed for audit cases.
Do you handle audit‑related income tax notices?
Yes. We assist in handling notices arising from audit reports or discrepancies.
Do you provide audit services online?
Yes. We offer both physical and online audit support, depending on the nature of engagement.
Get Professional Audit Support
If you are looking for reliable audit services backed by experience and legal clarity, connect with N C Agrawal & Associates. We’ll help you stay compliant, confident, and audit‑ready.
Contact us today to discuss your audit requirements.