Statutory Audit
Mandatory audit of corporate financial records under the Companies Act.
Audit & Assurance | Shah M V & Associates
Audit & Assurance
Audits that find what matters.
Statutory, tax, internal, and forensic audits conducted to actually surface risk — not just satisfy a filing requirement.
Private Limited Companies
LLPs
Professionals Above Threshold
Boards & Investors
20+ years in practice
Ahmedabad & Pune
Client-first, partner-led
ICAI-aligned rigor
Documented working papers, clear conclusions
Board-ready reporting
Issues, impact, and next steps — plainly
Control-first approach
Find gaps before they become losses
Deadline discipline
Planned timelines, no last-week panic
Scope
What we audit
Choose the audit that fits your statutory requirement, board expectations, or risk concern. We’ll tell you upfront what’s required — and what isn’t.
Tax Audit
Compulsory audit under Section 44AB for businesses and professionals crossing designated turnover limits.
Internal & Management Audits
Independent review of internal operations, financial controls, and risk management systems.
Forensic & Investigation Audits
Specialised auditing to investigate suspected financial fraud, misreporting, or asset tracing.
20+
Years in practice
500+
Clients served
2
City offices
6
Practice areas
Figures reflect firm-wide experience across tax, GST, audit, corporate law, accounting, and cross-border advisory.
Approach
Built for decisions
An audit should leave you with fewer unknowns. We focus on material risk, control gaps, and practical fixes — not just a signed report.
- Clear scope and timelines before work starts — no surprise add-ons.
- Evidence-led testing with documented working papers and review notes.
- Actionable findings — impact, root cause, and remediation steps.
- Direct access to the team handling your file — fast clarifications.
Process
How an audit runs
A simple workflow, executed with discipline — so information moves once, conclusions are reviewed, and deadlines are met.
Consult
Review current filings, exposure, goals — no charge for the first call.
Document collection
A precise checklist, nothing exchanged twice.
Filing & execution
Prepared, reviewed, filed within the statutory window.
Ongoing support
Deadlines tracked proactively all year.
FAQs
Common questions
If you’re unsure which audit applies, ask. We’ll guide you to the minimum compliant path — and highlight where extra assurance is worth it.
Who is required to get a tax audit under Section 44AB?
Businesses and professionals crossing the designated turnover limits may be required to undergo a tax audit under Section 44AB. Share your turnover and nature of receipts, and we’ll confirm applicability and the exact reporting needed.
How long does a statutory audit typically take?
Timelines depend on readiness of books, volume of transactions, and control complexity. We set a planned schedule at the start and keep requests tight so the audit moves steadily without repeated back-and-forth.
Do you handle forensic audits for suspected internal fraud?
Yes. Forensic & investigation audits can be scoped for suspected financial fraud, misreporting, or asset tracing. We start with a confidential call to understand the situation and define evidence preservation and reporting requirements.
Client notes
What clients value
Short feedback we hear often — especially from founders and finance teams who need clarity under time pressure.
“They didn’t just ask for documents — they explained why each item mattered, and what risk it addressed.”
Finance Manager — Manufacturing SME
“The final outputs were board-ready — concise, clear, and focused on what we needed to fix.”
Director — Private Limited Company
“We got answers quickly. No jargon — just what’s required, what’s risky, and what to do next.”
Founder — Services business
Related
Often paired with
Audits tend to surface questions in tax, GST, and reporting. These pillars integrate cleanly when you want one coordinated team.
Next step
Need an audit this year?
Tell us your entity type, turnover, and deadline. We’ll confirm the right audit, define scope, and set a timeline that actually holds.
