Audit Services in India
Statutory, tax, internal, and GST audits delivered across India with empanelled Chartered Accountant partners. Clear scope, honest fee ranges, and reports you can rely on.
Who needs an audit and when it applies
Aidwish provides professional audit services in India for companies, LLPs, partnerships, and proprietorships that need their books examined, verified, and reported with credibility. Whether you require a statutory audit under the Companies Act, 2013, a tax audit under Section 44AB of the Income Tax Act, an internal audit to tighten controls, or a GST reconciliation before filing, our team coordinates the entire engagement with empanelled Chartered Accountant partners so the sign-off carries the independence and legal standing the law demands.
An audit is more than a compliance formality. Done well, it gives lenders and investors confidence in your numbers, catches revenue leakage and control gaps before they become losses, and keeps you clear of penalties and disqualifications. Done as a rushed rubber stamp, it exposes you to notices, qualified opinions, and reputational damage. Headquartered in Lucknow but serving businesses in every state, Aidwish sits between you and the auditor, organising records, explaining findings in plain language, and making sure the process runs on time.
Because auditor independence is a legal requirement, Aidwish does not itself sign audit reports. We manage the engagement, prepare and reconcile your records, respond to auditor queries, and help you act on the findings, while a qualified, independent CA firm conducts the audit and issues the report. This split keeps you fully compliant while giving you a single, responsive point of contact throughout.
Private limited companies, OPCs, public companies, and Section 8 companies: a statutory audit is mandatory every year without exception, even for dormant or loss-making entities, under Section 139 of the Companies Act, 2013.
Businesses with turnover above Rs 1 crore, or Rs 10 crore where at least 95% of receipts and payments are digital, need a tax audit u/s 44AB; professionals cross the line at Rs 50 lakh gross receipts.
Taxpayers who opted for presumptive taxation (44AD/44ADA) but now declare lower profits than the deemed rate, and whose income exceeds the basic exemption limit, are pulled into tax audit.
LLPs with turnover above Rs 40 lakh or capital contribution above Rs 25 lakh require a statutory audit under the LLP Act.
GST-registered businesses with aggregate turnover above Rs 5 crore must file the self-certified reconciliation in Form GSTR-9C with their annual return.
Listed companies and larger unlisted public and private companies crossing prescribed thresholds require a formal internal audit under Section 138; many mid-size firms commission internal audits voluntarily to strengthen governance.
Companies raising funds, taking on new investors, applying for large loans, or being acquired typically need due-diligence support and special-purpose audits over and above their routine statutory work.
Audit & Assurance Services — end to end
Independent examination of your annual financial statements for a true and fair view, with the auditor's report and CARO reporting where applicable, coordinated with our CA partners under Sections 139 to 143.
Preparation and review of Form 3CA/3CB and 3CD, reconciliation of books with tax positions, and timely filing so you avoid penalties under Section 271B.
Risk-based review of processes, testing of internal financial controls over reporting, and practical recommendations to close gaps in procurement, sales, cash, and payroll cycles.
Reconciliation of GSTR-1, GSTR-3B, GSTR-9, and books, input tax credit verification, and preparation of the self-certified GSTR-9C for turnover above Rs 5 crore.
Physical verification of inventory and fixed assets, tagging and reconciliation with the asset register, and identification of shortages, obsolescence, and unrecorded items.
Focused engagements on specific accounts or processes, revenue assurance reviews, and agreed-upon procedures reports tailored to what management or a lender needs to see.
Financial and tax due diligence for fundraising, acquisitions, or bank facilities, with a clear findings memo covering quality of earnings, liabilities, and compliance risks.
Ongoing concurrent review for high-volume operations and special-purpose audits commissioned by banks, regulators, or the board on specific concerns.
Documents required
- Company incorporation certificate, PAN, and Memorandum & Articles of Association (or LLP agreement/partnership deed)
- Audited or draft financial statements: balance sheet, profit & loss account, cash flow statement, and notes to accounts
- Complete books of account: ledgers, cash book, bank book, journal, and trial balance for the financial year
- Bank statements for all accounts with reconciliation statements as on year-end
- Sales and purchase registers, sales invoices, purchase bills, debit/credit notes, and stock/inventory records
- GST returns (GSTR-1, GSTR-3B, GSTR-9), GST reconciliation, TDS/TCS returns, and Form 26AS/AIS
- Fixed asset register with purchase invoices, depreciation working, and details of additions/deletions during the year
- Statutory records: minutes of board and general meetings, share registers, and copies of loan/borrowing agreements
- Prior-year audit report, tax audit report (Form 3CD), and income tax returns for comparison
- Details of related-party transactions, contingent liabilities, expense vouchers, and payroll/PF/ESI records
Eligibility & who qualifies
- Every company registered under the Companies Act, 2013 requires a statutory audit each year, regardless of turnover, capital, or whether it is actively trading, including private limited, public, OPC, and Section 8 companies.
- Businesses with turnover above Rs 1 crore (raised to Rs 10 crore where at least 95% of both receipts and payments are non-cash) require a tax audit u/s 44AB; professionals cross the line at Rs 50 lakh gross receipts.
- LLPs need a statutory audit where turnover exceeds Rs 40 lakh or capital contribution exceeds Rs 25 lakh in a financial year.
- GST-registered persons with aggregate turnover above Rs 5 crore must file the self-certified reconciliation statement in Form GSTR-9C alongside the annual return GSTR-9.
- Internal audit u/s 138 applies to listed companies and to unlisted public and private companies that cross prescribed thresholds of paid-up capital, turnover, borrowings, or deposits.
Fees & what you pay
No hidden charges. Government fees are billed at actuals; our professional fee is agreed upfront.
How long it takes
Scoping the audit, agreeing terms, appointing the CA partner, and issuing the document request list.
Vouching, ledger scrutiny, reconciliations, physical verification, and testing of controls; timeline depends on size and record quality.
Discussion of observations, management responses, and adjustments before finalisation.
Issue of the signed audit report and related forms; statutory filing dates are fixed by law and subject to the relevant authority.
A clear, guided process
Planning & risk assessment
We understand your business, agree the scope, and identify high-risk areas so audit effort is focused where it matters. The CA partner is formally appointed and a document checklist is shared.
Records preparation
Aidwish helps you assemble and reconcile books, bank statements, GST and TDS data, and asset registers, so fieldwork starts clean and avoids repeated back-and-forth.
Fieldwork & testing
The auditor vouches transactions, scrutinises ledgers, verifies balances, tests internal controls, and physically checks stock and assets where relevant, raising queries as they arise.
Reporting
Findings are discussed with management, responses recorded, and the audit report finalised with any qualifications or observations clearly explained in plain language.
Post-audit action
We help you file the report and forms on time and turn observations into a practical action list, so the same issues do not recur next year.
Why choose Aidwish
Single point of contact who manages the whole engagement, so you are not chasing an auditor or deciphering technical queries on your own.
Independent, qualified CA partners sign the report, giving your accounts the legal standing lenders, investors, and regulators require.
Pan-India delivery from our Lucknow base, with the ability to coordinate multi-location and multi-state audits under one plan.
Plain-English reporting that tells you what the findings mean for your business and exactly what to fix, not just what the standards say.
Transparent, written fee ranges agreed upfront with no hidden charges, and realistic timelines mapped to statutory deadlines.
We help fix common findings, weak revenue reconciliation, ITC mismatches, unrecorded assets, related-party gaps, so next year's audit is smoother.
What our clients say
Real, verified reviews from businesses Aidwish has helped.
“We had a great experience working with Aidwish Consulting. Their team guided us professionally throughout the process and helped us understand the right government schemes and documentation for our food ingredients business, Bio White Foods.”
“Excellent experience with the Aidwish team. They understood our requirements, suggested the right strategy and handled the work professionally. Their approach is transparent, practical and result-oriented.”
Request a callback
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Questions, answered
Is a statutory audit mandatory for a company with no turnover or that is loss-making?
Yes. Under the Companies Act, 2013, every registered company must have its accounts audited each year regardless of turnover, profit, or activity. This includes dormant companies, OPCs, and Section 8 companies. There is no size-based exemption from statutory audit for companies.
What is the difference between a statutory audit and a tax audit?
A statutory audit is required under the Companies Act (or LLP Act) to give a true and fair view of the financial statements, and applies based on entity type. A tax audit is required under Section 44AB of the Income Tax Act once turnover or gross receipts cross specified limits, and focuses on tax compliance reported in Form 3CD. A business can need both.
What is the tax audit turnover limit under Section 44AB?
For businesses the limit is Rs 1 crore, raised to Rs 10 crore where at least 95% of both receipts and payments are non-cash. For professionals it is Rs 50 lakh of gross receipts. Certain presumptive-taxation cases declaring lower profits can also attract tax audit.
Does Aidwish sign the audit report itself?
No. Auditor independence is a legal requirement, so the audit is conducted and signed by an independent, qualified Chartered Accountant partner. Aidwish manages the engagement, prepares and reconciles your records, handles auditor queries, and helps you act on the findings, giving you one responsive point of contact.
What happens if I miss the tax audit or statutory audit deadline?
Missing a tax audit can attract a penalty under Section 271B of up to 0.5% of turnover, subject to a cap, and non-compliance with statutory audit and filing invites penalties on the company and its officers. Late filing also delays your income tax return. Filing dates are fixed by law, so we plan the engagement to finish well before the due date.
How much do audit services cost and what affects the fee?
Professional fees typically range from around Rs 15,000 for a straightforward tax audit to Rs 2,00,000 or more for larger or multi-location statutory and internal audits. The main drivers are turnover, number of transactions and branches, the state of your books, and the reporting deadline. We agree the fee in writing upfront with no hidden charges.
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