Home About Us Services Knowledge & Updates Tools Contact Us
Audit & Assurance

Audit & Assurance Services in Hyderabad

Statutory, tax, internal and management audits with an Ex-EY methodology - rigorous, deadline-safe and genuinely useful to management.

An audit should do more than satisfy the law - it should tell you the truth about your business. We combine ICAI auditing standards with a Big-4 trained approach: planned early, executed with checklists, and closed with a management letter you can act on.

📑
Statutory Audit
Audit of financial statements under the Companies Act 2013 for private and public limited companies with full audit report and CARO reporting.
View Details
What the Audit Covers
  • Verification of books of accounts and financial statements
  • Internal controls review and management letter
  • CARO 2020 reporting on 21 specified matters
  • Review of related party transactions
  • Going concern assessment
Documents Required
  • Tally or accounting software backup
  • Bank statements and reconciliation for all accounts
  • Fixed asset register with depreciation schedule
  • Stock statement as on year-end
  • All invoices, expense vouchers and agreements
  • Previous year financial statements
Filing deadline: 30 September each year Form AOC-4 and MGT-7 filed on MCA after audit
🔍
Tax Audit, Section 44AB
Mandatory tax audit for businesses with turnover above Rs.1 crore and professionals above Rs.50 lakh with Form 3CA/3CB and 3CD reporting.
View Details
Applicability
  • Business turnover above Rs.1 crore (Rs.10 crore if cash transactions below 5%)
  • Professional receipts above Rs.50 lakh
  • Presumptive income taxpayers opting out of 44AD or 44ADA
Key Clauses in 3CD Report
  • Clause 26: TDS deducted and deposited
  • Clause 34: GSTR reconciliation with books
  • Clause 44: Business expenditure breakup
  • Payments to related parties and section 40A(2) disallowances
Deadline: 30 September Penalty for non-compliance: 0.5% of turnover, max Rs.1.5 lakh
💻
IS Audit, DISA Qualified
Information Systems Audit by a DISA-certified professional covering ERP controls, cybersecurity risks, data integrity and IT governance.
View Details
Scope of IS Audit
  • General IT controls: access management, change management, backup and recovery
  • Application controls in ERP and accounting systems
  • Data integrity and accuracy checks
  • Cybersecurity risk assessment
  • Business continuity and disaster recovery review
Who Needs IS Audit
  • Companies with RBI or SEBI requirements
  • Banks and NBFCs for DISA-specific certifications
  • Cooperative banks and housing finance companies
  • Companies with large-scale ERP implementations
Conducted by CA Krupanand Bammidi, DISA (ICAI)
🏢
Internal Audit
Risk-based internal audit for mid-size companies including process reviews, control gap identification and management reports on a quarterly or annual basis.
View Details
Processes We Audit
  • Procurement and vendor payment cycle
  • Revenue recognition and collections
  • Payroll and statutory compliance
  • Inventory and fixed assets management
  • Contract management and legal compliance
Deliverables
  • Internal audit report with risk rating for each finding
  • Management action plan with agreed timelines
  • Follow-up audit to verify implementation

Frequently Asked Questions

Which companies need a statutory audit?

Every company registered under the Companies Act needs a statutory audit regardless of turnover. LLPs need audit when turnover exceeds Rs.40 lakh or contribution exceeds Rs.25 lakh.

When is tax audit under Section 44AB applicable?

Generally when business turnover exceeds Rs.1 crore (Rs.10 crore where cash transactions are under 5%) or professional receipts exceed Rs.50 lakh (Rs.75 lakh with 44ADA conditions). The tax audit report is due by 30 September.

What is the benefit of an internal audit for an SME?

It catches revenue leakage, weak controls and compliance gaps before they become losses or notices. We scope it to your size - quarterly or half-yearly - so it stays affordable.

How early should we start the audit process?

Ideally right after year end. Early planning spreads the work, avoids the September rush and gives time to fix issues found rather than just reporting them.

Discuss your requirement

Talk directly to CA CS CMA Krupanand Bammidi - no call centers, no juniors on first calls.

As per the Chartered Accountants Act, 1949, ICAI members are not permitted to solicit work or advertise. This website is published in accordance with ICAI Website Guidelines for informational purposes only.
Chat with Us Join Channel