Audit Services
in India for SMEs
Shunyatax Global delivers documentation-first audits with clean workpapers, clear timelines, and board-ready reporting — designed for Indian businesses that want compliance and credibility.
(scope-based)
(business days)
checklist (Day-0)
- Statutory Audit under Companies Act, 2013 with structured workpapers.
- Tax Audit under Section 44AB with reporting coordination + query-ready evidence.
- Internal Audit for controls, risk, SOP adherence, fraud red flags.
- GST Reconciliation (GSTR-1 vs 3B + ITC alignment) to reduce mismatch exposure.
- Forensic Support for irregularity checks & evidence-backed summaries.
- Trial Balance + Ledger export (FY)
- GST returns (GSTR-1/3B) + reconciliation
- TDS/TCS summary + challans
- Bank statements + confirmations
- ROC filings / Board minutes (as applicable)
Range of Audit Services
Shunyatax Global audits reduce compliance risk, improve financial governance, and create stakeholder confidence — with clean documentation trails.
Many GST audit notices are triggered due to repeat compliance gaps. Refer to our detailed GST audit checklist (12 items) to reduce notices and penalty risk for building an audit-ready system.
Many audit penalties arise from repeated GST mistakes. Read our guide on GST audit mistakes that trigger penalties.
Statutory Audit
Companies Act compliant audit with structured workpapers and board-ready reporting.
Tax Audit (44AB)
Books alignment + reporting support + evidence mapping for tax audit readiness.
Internal Audit
Controls testing, SOP review, process gaps, risk scoring, and leakage reduction.
GST Reconciliation
GSTR-1 vs 3B alignment, ITC mismatch analysis, vendor compliance review.
Forensic Support
Irregularity checks with evidence trails & investigation-ready documentation.
Management Audit
Governance + compliance review with actionable recommendations for leadership.
Audit Services in India — Explained for Businesses
Auditing is not just a statutory obligation — it is a practical tool for risk management, compliance clarity, and credibility.
Statutory Audit under Companies Act, 2013
Mandatory for companies registered in India, irrespective of turnover or profitability.
- Purpose: Verification of financial statements + legal compliance + shareholder reporting.
- Who requires: Private Limited, Public Limited, OPC (as applicable).
- Coverage: Balance Sheet, P&L, books, supporting documents, accounting standards.
Tax Audit under Section 44AB
Applicable when turnover/receipts cross thresholds prescribed under Section 44AB.
- Objective: Verify income computation + tax disclosures + non-compliance risk detection.
- Commonly for: Trading, manufacturing, and professionals exceeding prescribed limits.
- Impact: Cleaner filings + reduced future disputes + query-ready documentation.
- Books cleanup into 3 priority buckets
- Evidence mapping into 1 consolidated pack
- Reporting coordination within 24 business hours
Internal Audit for Process & Control Review
Management-driven audit to evaluate internal controls, operational efficiency, and risk exposure.
- Control weakness detection + fraud/leakage prevention
- SOP adherence improvement + better decision-making inputs
- Best for SMEs scaling operations + multi-department businesses
- Process mapping across 4 departments (typical SME)
- Control checks: 10-25 (scope-based)
- Action plan: 30 days
GST Reconciliation (Compliance & Notice Reduction)
GST compliance needs continuous reconciliation between returns, books, and ITC records.
- GSTR-1 vs GSTR-3B reconciliation
- ITC mismatch analysis + vendor compliance review
- Mismatch bucketization into 5 categories for faster closure
Forensic Audit & Investigation Support
Detect financial irregularities, fraud indicators, and control breaches with evidence-backed reporting.
- Used for suspected fraud, disputes, and regulatory investigations
- Evidence trail mapping suitable for high-risk situations
- Deliverable: findings summary + supporting documents pack
Management & Compliance Audit
Evaluates governance, compliance gaps, and decision frameworks to improve operational discipline.
- Governance structures + compliance gap closure
- Risk mitigation strategy mapping
- Practical roadmap: 30-60 days (scope-based)
How Our Audit Process Works
A structured, five-step approach from consultation to final reporting.
Frequently Asked Questions
How much does an audit cost?
How long does it take?
What documents do you need to start?
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Ready to Secure Your Business
with Professional Auditing?
Book a free consultation — get scope clarity + estimate in 24 business hours (typical).