Audit & assurance in Bhosari, Pune

Audit & assurance in Pune

A statutory audit is required for every company, however small, and the firm conducts it under the Standards on Auditing issued by ICAI. The work covers the financial statements, the books and the internal controls relevant to them, and ends in an audit report and a management letter listing what should change.

Tax audits (Form 26, earlier Forms 3CA, 3CB and 3CD), review of GSTR-9C reconciliations, and special-purpose audits requested by banks, housing societies or trusts are handled on the same basis. Stock audits and certificates of turnover, net worth or utilisation of funds are prepared when a lender or authority asks for them.

Independence is maintained as ICAI requires. Where the firm keeps a client's books, it does not also audit them; the client is told so at the start.

What the work covers

Statutory audit
Tax audit (Form 26)
GSTR-9C review
Bank and trust audits
Stock audit
Turnover and net-worth certificates

For clients in Bhosari and Pimpri-Chinchwad

For manufacturers and traders in Bhosari MIDC, audit work usually centres on stock records, job-work movements and the agreement of GST returns with the books.

Common questions

Does a small private company need an audit?

Yes. Under the Companies Act every company must have its accounts audited each year, whatever its turnover. LLPs are audited only above the turnover or contribution limits in the LLP Rules.

How long does an audit take?

It depends on the size of the business and the state of the records. Most small-company audits are completed within a few weeks of receiving a complete trial balance and supporting documents.

What is a management letter?

A letter to the owners listing the weaknesses found during the audit and what to do about them. It is separate from the audit report and is where most of the practical value sits.

Which form is used for a tax audit report?

For tax years under the Income-tax Rules, 2026, Forms 3CA, 3CB and 3CD are brought together in Form 26. Earlier years continue on the old forms.