Audit & Assurance
Our audit practice covers statutory audits under the Companies Act, tax audits under Section 44AB, bank audits, and internal audits. We bring rigour and independence to every engagement.
What's Included
Everything you get when you engage BSP Associate for Audit & Assurance.
- Statutory audit (Companies Act 2013)
- Tax audit under Section 44AB
- Internal audit & process review
- Bank & concurrent audit
- Stock & receivables audit
- Audit report preparation & sign-off
Documents Required
Have these ready before you reach out — it speeds things up considerably.
Documents You'll Need
Please arrange these before your consultation
- Audited / unaudited financial statements for the year
- Trial balance and general ledger
- Bank statements for all accounts
- GST returns filed during the year (GSTR-1, 3B, 9)
- TDS returns (24Q, 26Q) and challan details
- Fixed asset register
- Stock / inventory records (as on year-end)
- All invoices, purchase bills, and expense vouchers
- Loan agreements and repayment schedules
- Previous year audit report (if applicable)
Don't have these? We'll prepare them for you.
BSP Associate can draft and file all of the following
- Draft financial statements (P&L and balance sheet)
- Depreciation calculation as per Companies Act / Income Tax Act
- Audit report in prescribed format
- Board resolution for appointment of auditor
Frequently Asked Questions
Common questions about Audit & Assurance.
Under Section 44AB of the Income Tax Act, a tax audit is mandatory if your business turnover exceeds ₹1 crore (₹10 crore if cash transactions are less than 5%) or if your professional receipts exceed ₹50 lakh. Businesses opting out of presumptive taxation with income below the threshold also require audit.
BS Balaji
Founder & Principal Consultant
Have questions about Audit & Assurance? Get a free consultation — no commitment, no jargon.
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