Audit & Assurance Services
Chartered Accountants for Reliable, Independent & Compliant Audits
Audits are not just a statutory requirement. Done right, they bring clarity, discipline, and confidence to a business. Done poorly, they become a compliance headache and a risk during scrutiny.
At N D Savla & Associates, we provide professional Audit & Assurance services that go beyond ticking boxes. Our focus is on accuracy, transparency, and strengthening financial controls—so your business is always audit-ready.
What Audit & Assurance Means for Your Business
Audit & Assurance involves independent verification of financial records, processes, and controls to ensure:
Accuracy of financial statements
Compliance with applicable laws and standards
Early identification of risks and gaps
Confidence for promoters, lenders, investors, and regulators
Our approach is practical, structured, and aligned with how your business actually operates.
Our Audit & Assurance Services
1. Statutory Audit
We conduct statutory audits as required under the Companies Act, LLP Act, and other applicable laws.
Scope includes:
Verification of books of accounts
Compliance with accounting standards
Review of internal controls
Statutory reporting and disclosures
Suitable for companies, LLPs, and other entities requiring statutory audits.
2. Tax Audit
Tax audits under the Income Tax Act help ensure accurate reporting and compliance.
We handle:
Tax audit under Section 44AB
Review of tax positions and disclosures
Audit report preparation and filing
Coordination during income tax assessments
Our audits reduce the risk of future tax notices and penalties.
3. Internal Audit
Internal audit strengthens internal controls and improves operational efficiency.
Key focus areas:
Process and control reviews
Risk assessment
Fraud prevention and detection
Compliance monitoring
Ideal for growing businesses, NBFCs, and service-driven organisations.
4. GST Audit & GST Review
We assist businesses in reviewing GST compliance and identifying potential risks.
Services include:
GST return reconciliation
Input tax credit verification
Review of GST classifications and rates
Support during GST audits and departmental scrutiny
5. Management & Operational Audit
These audits focus on improving efficiency and governance.
Coverage includes:
Cost and profitability analysis
Process optimisation
Compliance health checks
Advisory for corrective actions
6. Due Diligence & Special Audits
We support businesses during:
Mergers and acquisitions
Fundraising and investor reviews
Business restructuring
Regulatory or internal investigations
Our due diligence provides clarity before critical decisions.
Who Should Opt for Our Audit & Assurance Services
Our services are ideal for:
Companies and LLPs
SMEs and family-owned businesses
Startups preparing for funding
NBFCs and regulated entities
Businesses facing scrutiny or expansion
Whether compliance-driven or growth-driven, audits help you stay in control.
Why Choose N D Savla & Associates for Audit & Assurance
Clients choose us because we combine technical accuracy with business understanding.
Experienced Chartered Accountants
Structured and transparent audit process
Strong knowledge of statutory and tax laws
Clear reporting with practical insights
Professional handling of audits and inspections
We work independently, objectively, and responsibly—protecting your credibility.
When Should You Engage an Auditor?
You should engage an auditor if:
Your entity is legally required to undergo audit
Your business is growing and needs stronger controls
You are preparing for funding, loans, or expansion
You want to identify risks before they become issues
You have received notices or are under scrutiny
Early audits prevent costly corrections later.
F.A.Q.
Audit & Assurance Services involve an independent review of financial statements, internal controls, and compliance systems to ensure accuracy, transparency, and adherence to regulatory requirements under the Companies Act and Income Tax Act.
Every company registered under the Companies Act must conduct a statutory audit. LLPs and partnership firms are required to conduct audits if their turnover or capital exceeds prescribed limits under the Income Tax Act.
A statutory audit is legally mandatory and focuses on verifying financial statements.
An internal audit is a management tool that evaluates internal controls, risk management systems, and operational efficiency.
A tax audit under Section 44AB of the Income Tax Act is required if:
Business turnover exceeds prescribed limits.
Professional receipts exceed specified thresholds.
The taxpayer opts for presumptive taxation but does not meet conditions.
Audit fees depend on turnover, transaction volume, industry complexity, and compliance requirements. For an accurate quote, businesses should consult a Chartered Accountant after sharing financial details.
ommonly required documents include:
Financial statements
Trial balance and ledgers
Bank statements
GST returns
TDS returns
Fixed asset register
Previous audit reports (if applicable)
A GST audit is a review of GST records to ensure proper tax compliance. While mandatory GST audit thresholds have changed, businesses may require GST review or reconciliation to avoid notices and penalties.
