Audit & Assurance Services built on independence and insight.
Independent audits that strengthen stakeholder confidence, ensure regulatory compliance, and reveal what your financial statements actually mean — from statutory audit under the Companies Act, 2013 to tax audit under Section 44AB, internal audit, and concurrent audit.
Audit and assurance services exist to give stakeholders — promoters, investors, lenders, regulators, and the management team itself — the confidence that financial statements present a true and fair view of the business. At NDS Advisors, we treat every audit engagement as a chance to do more than tick boxes.
With increasing oversight from MCA, NFRA, and ICAI, every company — private, public, LLP, or OPC — must maintain accurate books, comply with reporting standards, and undergo independent audit by a qualified Chartered Accountant. We bring 15+ years of audit practice across manufacturing, real estate, healthcare, jewellery, textile, and startups.
Our approach combines technical rigour with practical judgement. We test where risk actually lives, document every conclusion, and surface weaknesses in internal controls before they become liabilities — delivering an audit report you can stand behind, and a clearer view of where the business goes next.
Our Audit & Assurance Services
Statutory Audit
Independent audit of financial statements under Section 143 of the Companies Act, 2013 — with reporting on the true and fair view.
Tax Audit (44AB)
Income Tax audit under Section 44AB for businesses crossing turnover thresholds, with Form 3CA/3CB and detailed Form 3CD certification.
Internal Audit
Risk-based internal audit under Section 138 — covering controls, processes, SOPs, and operational risk for prescribed companies.
Stock & Inventory Audit
Physical stock verification, valuation, and reconciliation — typically required by banks for working capital and credit limit assessment.
Concurrent Audit
Real-time audit of branches and operations for banks and NBFCs — verifying transactions as they happen to detect irregularities early.
CARO 2020 Reporting
Detailed reporting under the Companies (Auditor's Report) Order on fixed assets, inventory, loans, related party transactions, and statutory dues.
IFC & ICFR Reporting
Evaluation and reporting on Internal Financial Controls and Internal Controls over Financial Reporting for applicable companies.
Limited Reviews & Certifications
Special purpose audits, limited reviews, and certifications required for ROC filings, due diligence, and regulatory submissions.
Our Audit Process
Engagement & Scoping
Understanding your business, finalising audit type, and a clear engagement letter with scope and timelines.
Risk Assessment
Walk-through of processes, evaluation of internal controls, and a documented audit plan tailored to your sector.
Fieldwork & Testing
Substantive testing, vouching, ledger scrutiny, and third-party confirmations — fully documented in workpapers.
Reporting & Sign-Off
Audit opinion, CARO annexure where applicable, and a separate management letter with practical recommendations.
ROC Filing Support
Assistance with Form AOC-4, MGT-7, and related post-audit ROC filings to close out the compliance cycle.
Why Audit & Assurance Matters
Frequently Asked Questions
Statutory audit is mandated under the Companies Act, 2013 and applies to all companies regardless of turnover — its purpose is to verify whether financial statements present a true and fair view. Tax audit is mandated under Section 44AB of the Income Tax Act and applies to businesses crossing prescribed turnover thresholds — its focus is on verifying income, deductions, and compliance with tax provisions through Form 3CD.
Tax audit under Section 44AB is mandatory if your business turnover exceeds ₹1 crore (₹10 crore where cash transactions are below 5%), or if your professional gross receipts exceed ₹50 lakh in a financial year. It also applies when income is declared lower than presumptive rates under Sections 44AD, 44ADA, or 44AE.
Every company must appoint its first statutory auditor within 30 days of incorporation through a board resolution. Subsequent appointments are made for a term of five years at the Annual General Meeting, with Form ADT-1 filings within 15 days of appointment.
Internal audit focuses on evaluating internal controls, operational efficiency, and risk management — it is process-driven and forward-looking. Statutory audit focuses on the accuracy of financial statements and statutory compliance — it is historic and report-driven. Internal audit is mandatory for prescribed classes of companies under Section 138 of the Companies Act, 2013.
Timelines depend on business size, quality of records, and audit type. A small private company statutory audit typically takes 7 to 15 working days. Larger or multi-location engagements may require four to six weeks. Tax audits during peak season are completed in 5 to 10 working days when records are organised.
Yes. We are headquartered in Andheri East, Mumbai and serve clients across India through secure remote engagement workflows, digital document management, and on-site visits where required. Our team has handled audits for businesses in Pune, Delhi NCR, Bengaluru, Ahmedabad, Surat, and tier-2 cities.
We typically require trial balance, ledger and books of accounts, bank statements with reconciliations, statutory registers, GST and TDS returns, fixed asset register, inventory records, prior year audit reports, and key contracts. A complete checklist is shared at engagement start, customised to your business structure.
Under Section 271B of the Income Tax Act, failure to get accounts audited or furnish the tax audit report by the due date attracts a penalty of 0.5% of total turnover or gross receipts, subject to a maximum of ₹1,50,000. Timely audit planning helps you avoid these penalties entirely.
Stay Audit-Ready, Year After Year
Partner with our audit team for independent assurance, stronger financial governance, and on-time filings — every cycle, without surprises.
Talk to an Auditor or call +91 9819 000 511