Audit & Assurance
Statutory and regulatory compliance for Indian subsidiaries, so your India entity meets every requirement under the Companies Act, 2013.
Overview
Running a subsidiary in India comes with a detailed set of compliances, and the Companies Act, 2013 imposes strict penalties on directors and the entity for failures.
Our audit practice acts as a third line of defence for your global board. Beyond signing off the numbers, we test the internal financial controls (IFC) of your Indian unit so that assets are safeguarded and reporting is accurate.
What we do
- Statutory audit of financial statements under the Companies Act, 2013
- Tax audit (Form 3CD for FY 2025-26 and earlier)
- Internal audit of operations, procurement and HR processes
- Internal financial controls (IFC) testing
- Transfer pricing certification (Form 3CEB for FY 2025-26 and earlier)
Deliverables
- Audit report on the financial statements
- Management letter highlighting control weaknesses and improvements
- Tax audit report and TP certificate where applicable
- Internal audit reports with an action tracker
Who it is for
- Private limited companies, including small subsidiaries
- Foreign groups needing assurance on their Indian unit
- Boards wanting independent review of processes and controls
Audit methodology
- Planning and scoping understand the business and identify key risks in the Indian context
- Fieldwork and testing vouchers, bank statements and physical assets, using ICAI sampling techniques
- Reporting to the board the audit report and a management letter
Related compliance
Recent updates
Frequently asked questions
Yes. Every private limited company in India, regardless of turnover, must have its accounts audited by a Chartered Accountant each year.
Before the Annual General Meeting, which for most companies must be held within six months of the financial year end, normally by 30 September.
Discuss Audit & Assurance with us
Tell us about your entity and what you need. We reply with a scope and fee proposal under a formal engagement letter.