Audit & Assurance Services
Independent and thorough audit services ensuring accuracy, transparency, and regulatory adherence for your business.
Our Audit Services
Comprehensive audit solutions for businesses of all sizes, conducted with integrity and professional standards.
Statutory Audit
Independent examination of financial statements to express an opinion on whether they present a true and fair view. We follow Standards on Auditing (SA) issued by ICAI and ensure complete compliance with the Companies Act, 2013.
Tax Audit (Section 44AB)
Mandatory audit for businesses exceeding Rs. 1 crore turnover (Rs. 10 crore with digital transactions) and professionals exceeding Rs. 50 lakh receipts. We prepare Form 3CA/3CB and Form 3CD with thorough analysis.
Internal Audit & Management Audit
Systematic evaluation of internal controls, processes, and risk management. We identify weaknesses, recommend improvements, and help management make informed decisions for better governance.
Bank Audit & Concurrent Audit
Specialised audit services for banks and financial institutions including branch audit, concurrent audit of daily transactions, and compliance with RBI guidelines and banking regulations.
Stock Audit & Physical Verification
Independent verification of inventory quantities, valuation methods, and storage conditions. Essential for manufacturing businesses, banks (for pledged stock), and companies with significant inventory holdings.
Special Purpose Audit & Due Diligence
Customised audit engagements for specific purposes including mergers & acquisitions due diligence, forensic investigations, compliance audits, and certification assignments.
Why Choose Pujara & Co for Audit?
Frequently Asked Questions
Who needs a statutory audit?
All companies registered under the Companies Act (Pvt Ltd, Public Ltd, OPC, Section 8) require statutory audit regardless of turnover. LLPs with turnover exceeding Rs. 40 lakh or contribution exceeding Rs. 25 lakh also require audit. Proprietorships and partnerships require tax audit if turnover exceeds prescribed limits.
What is the difference between statutory audit and tax audit?
Statutory audit examines overall financial statements for a true and fair view under the Companies Act. Tax audit under Section 44AB specifically examines accounts from an income tax perspective, verifying tax computations, TDS compliance, and specific tax provisions. A business may require both.
How often should internal audit be conducted?
While there is no fixed rule, most organisations benefit from quarterly or half-yearly internal audits. Companies with turnover exceeding Rs. 200 crore (or other prescribed limits) are mandated to appoint an internal auditor under Section 138 of the Companies Act.
What documents are needed for a statutory audit?
Key documents include trial balance, ledgers, bank statements, fixed asset register, debtors/creditors schedules, inventory details, board meeting minutes, previous year audit report, tax returns, and relevant contracts or agreements.
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