Audit & Assurance

Statutory Audit
Internal Audit
Tax Audit
GST Audit

Audit & Assurance Services in Pune

Reliable financial reporting builds stakeholder confidence, satisfies regulatory requirements, and strengthens your organisation’s credibility with banks, investors, and government authorities. CA D P Shewale & Co LLP delivers thorough, cost-effective audit and assurance solutions tailored for small and medium enterprises, large corporates, traders, NGOs, and individual professionals across Pune and Maharashtra.

Our Approach to Auditing

We go beyond mere compliance. Our audit methodology combines risk-based planning, substantive testing, and analytical procedures to identify material misstatements, internal control weaknesses, and process improvement opportunities. We engage with our clients on a continuous basis throughout the financial year to ensure timely adherence to statutory and regulatory deadlines, rather than treating audit as a last-minute exercise.

Audit & Assurance Services We Offer

Comprehensive audit solutions for companies, LLPs, NGOs, traders, and professionals across all applicable regulatory frameworks.

Statutory Audit

Independent examination of financial statements under the Companies Act, 2013, in compliance with ICAI Standards on Auditing (SAs), including CARO reporting and Auditor’s Report preparation.

Internal Audit

Evaluation of internal controls, operational efficiency, and risk management frameworks. We provide actionable recommendations to strengthen governance and reduce financial leakage.

Income Tax Audit u/s 44AB

Preparation and certification of Form 3CA/3CB and Form 3CD for businesses and professionals exceeding the prescribed turnover thresholds under the Income Tax Act, 1961.

Stock Audit

Physical verification and valuation of inventory for banks, NBFCs, and businesses to ensure accurate reporting and collateral assessment for credit facilities.

GST Audit & Reconciliation

Reconciliation of GST returns with books of accounts, verification of Input Tax Credit claims, and identification of compliance gaps under the CGST Act, 2017.

Who Needs an Audit?

Audit requirements vary by entity type, turnover, and applicable law. Here is a quick reference:

  • All Companies — Statutory audit mandatory regardless of turnover under the Companies Act, 2013
  • LLPs — Audit required when turnover exceeds Rs 40 lakh or contribution exceeds Rs 25 lakh
  • Businesses — Tax audit u/s 44AB if turnover exceeds Rs 1 crore (Rs 10 crore if 95% transactions are digital)
  • Professionals — Tax audit mandatory when gross receipts exceed Rs 50 lakh in a financial year
  • NGOs & Trusts — Audit required for tax exemption claims and grant compliance reporting
  • Bank Borrowers — Stock audit required by lending banks for inventory-backed credit facilities

Frequently Asked Questions

Who needs a statutory audit in India?
Every company registered under the Companies Act, 2013 is required to get its accounts audited annually, regardless of turnover. LLPs with turnover exceeding Rs 40 lakh or contribution exceeding Rs 25 lakh also require a statutory audit.
What is the difference between internal audit and statutory audit?
A statutory audit is a legally mandated examination of financial statements by an independent auditor. An internal audit is typically an ongoing, voluntary process focused on evaluating internal controls, risk management, and operational efficiency. While statutory audit serves external stakeholders, internal audit primarily serves management.
When is a tax audit required?
A tax audit under Section 44AB is mandatory when business turnover exceeds Rs 1 crore (Rs 10 crore if cash receipts and payments are within 5% of total) or when professional gross receipts exceed Rs 50 lakh in a financial year. The due date for filing the tax audit report is 30th September.

Related Services

Our audit practice works closely with our other service lines to provide integrated support:

Need an audit done right?

Talk to our team for a no-obligation discussion on your audit requirements.

About us

The Mission of the Firm is to provide clients with a One-Stop Solution for all their business, financial and regulatory requirements. The firm’s focus on Experience, Expertise & Efficiency has given solutions and deliverables to clients which create Value for them.

Contact Info

Address: Office No.16, 2nd Floor, Bhosale Arcade, Near Vaibhav Theatre, Hadapsar, Pune 411028

Our office is easily accessible from Magarpatta, Amanora, Hadapsar, and nearby areas in Pune.

Telephone: 020-26872345, 020-26825345, +91 9322006181

Email: info@cadpshewale.in

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