Audit & Assurance Services

Statutory, internal, and tax audits ensuring accuracy, compliance, and stakeholder confidence

Audit & Assurance Services

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India Services

Audit & Assurance Services

TAX NOVA GLOBAL SOLUTIONS LLP provides professional audit and assurance services covering statutory audits, tax audits, internal audits, and special purpose audits. Our structured audit approach ensures accuracy of financial statements, compliance with applicable standards, and confidence for management, investors, and regulatory authorities.

Our audit practice is built on structured methodology, multi-level review, and deep understanding of applicable accounting standards and regulatory requirements. We conduct statutory audits for companies and LLPs, tax audits under Section 44AB of the Income Tax Act, internal audits for process improvement, and stock and fixed asset verification — with clear, well-documented reports.

  • Statutory audit under Companies Act — Audit of financial statements for Private Limited Companies and LLPs as required under the Companies Act, 2013 and LLP Act, 2008.
  • Tax audit under Section 44AB — Preparation of Form 3CA/3CB and Form 3CD for businesses and professionals crossing the prescribed turnover threshold.
  • Internal audit & process review — Risk-based internal audit covering key business processes, controls, and compliance areas with actionable recommendations.
  • Clean documentation — Well-organised audit files, working papers, and reports providing a clear audit trail for regulatory inspections.

What We Cover

Detailed breakdown of our Audit & Assurance Services services

Statutory Audit Support

Assistance in statutory audit of financial statements for Private Limited Companies, LLPs, and other entities as required under the Companies Act, 2013 — including preparation of audit report and CARO report.

Tax Audit (Form 3CA / 3CB / 3CD)

Preparation and certification of tax audit report under Section 44AB of the Income Tax Act for businesses (turnover > ₹1 crore or ₹10 crores for digital transactions) and professionals (gross receipts > ₹50 lakhs).

Internal Audit & Process Review

Risk-based internal audit of key business processes — procurement, sales, inventory, payroll, and finance — with identification of control weaknesses and recommendations for improvement.

Stock & Fixed Asset Verification

Physical verification of inventory and fixed assets, reconciliation with books, identification of discrepancies, and preparation of verification report for management and auditors.

Bank Audit Assistance

Support for concurrent audit, stock audit, and revenue audit assignments for banks and financial institutions, including preparation of audit memoranda and exception reports.

Audit Report Preparation

Preparation of audit reports, limited review reports, and certificates required for specific regulatory submissions, financing, or compliance purposes.

GST Audit (GSTR-9C)

Preparation of GSTR-9C reconciliation statement comparing audited annual turnover with GST returns filed, reconciliation of ITC, and certification requirements.

Special Purpose Audits

Preparation of special purpose audit reports or certificates — net worth certificates, turnover certificates, stock audit for working capital limits, and other banker or regulatory requirements.

Who This Service Is For

Clients we regularly assist with Audit & Assurance Services

Private Limited Companies
LLPs & Partnership Firms
Businesses Above Tax Audit Threshold
Banks & NBFCs
NGOs & Trusts
Exporters Requiring Certificates

Frequently Asked Questions

Common questions about our Audit & Assurance Services service

Who is required to get a tax audit done?

Tax audit under Section 44AB is mandatory for businesses with total sales/turnover/gross receipts exceeding ₹1 crore (or ₹10 crores if 95% transactions are digital). For professionals, the threshold is ₹50 lakhs. Businesses opting out of presumptive taxation under Sections 44AD/44ADA/44AE also require tax audit in certain cases.

What is CARO and when does it apply?

CARO (Companies Auditor's Report Order) is an additional report auditors must provide in the statutory audit report of eligible companies. It covers matters like loans, investments, fixed assets, fraud, and internal controls. It applies to most companies except small companies, OPCs, and banking/insurance companies.

What is the due date for tax audit report?

The tax audit report (Form 3CA/3CB + 3CD) must be filed on or before 30th September of the assessment year (i.e., before the ITR due date of audit cases). The auditor files the report on the Income Tax portal and the taxpayer then accepts it before filing the ITR.

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