Complete Audit Services for Pune Businesses, MNC Subsidiaries, and Institutions

Audit and assurance is a broad discipline covering every service where a Chartered Accountant provides an independent examination of financial, operational, or compliance information and expresses a formal opinion or conclusion on it. For businesses in Pune — a city that hosts Indian manufacturing giants, MNC subsidiaries in the IT and engineering sectors, RERA-regulated real estate developers, healthcare providers, educational institutions, and a thriving startup ecosystem — the audit requirement is not a monolithic one. A private limited company managed by Indian promoters has different audit obligations from a wholly-owned subsidiary of a NASDAQ-listed US technology company. A charitable trust registered under Section 12AB has different audit requirements from an LLP providing IT services. A Chakan-based auto ancillary manufacturer supplying to a US-listed OEM has both Indian statutory audit and SOX compliance requirements. Understanding which audits apply, when they are due, and what they entail is the starting point for building an audit compliance calendar that keeps the business clean without unnecessary cost or disruption.

N D Savla & Associates, Chartered Accountants in Baner, Pune, provides the full spectrum of audit and assurance services: statutory audit under the Companies Act, tax audit under Section 44AB, LLP audit, trust audit, GST audit (GSTR-9C reconciliation), internal audit, secretarial audit under Section 204 of the Companies Act, SOX (Sarbanes-Oxley) compliance for MNC subsidiaries in Pune’s IT parks, stock audit for businesses with bank credit facilities, ESG assurance for SEBI BRSR compliance, and forensic accounting for financial misconduct investigations. This hub page provides an overview of each service with links to the detailed page for each. Our audit practice is supported by our Risk Advisory practice, which covers business process reengineering, anti-bribery and corruption risk management, and forensic accounting investigations.

Complete Audit and Assurance Services — Who Needs What

Statutory Audit Under the Companies Act, 2013 — Every Company, Every Year

Every company registered under the Companies Act — whether a startup, a family business, an MNC subsidiary, or a public limited company — must have its accounts audited by an independent Chartered Accountant appointed as the Statutory Auditor under Section 139. The statutory audit is the most fundamental audit compliance requirement in Indian business. The auditor issues a report under Section 143 expressing an opinion on whether the financial statements give a true and fair view. For companies above specified thresholds, the CARO (Companies Auditor Report Order) 2020 requires a detailed additional report covering fixed assets, inventory, loans, statutory dues, fraud, related party transactions, and internal audit adequacy. See our dedicated Statutory Audit under the Companies Act guide for the complete framework.

Tax Audit Under Section 44AB — Businesses and Professionals Above Threshold

Section 44AB of the Income Tax Act mandates a tax audit and detailed statement of particulars (Form 3CD) for: businesses with turnover exceeding Rs. 1 crore (or Rs. 10 crore if 95%+ of receipts and payments are digital); professionals with gross receipts exceeding Rs. 50 lakh; and taxpayers opting out of presumptive taxation schemes who claim income below the presumptive rate. The tax audit report is filed electronically on the Income Tax portal at incometax.gov.in by 30 September of the assessment year. See our Audit under the Income Tax Act guide for detailed guidance.

SOX Audit and Compliance — For Pune’s MNC Subsidiaries

Pune’s technology parks at Hinjewadi, Magarpatta City, and Kharadi host Indian subsidiaries and development centres of hundreds of US-listed technology and engineering companies. The Sarbanes-Oxley Act, 2002 (SOX) imposes internal control and financial reporting requirements on US public companies (those listed on the NYSE or NASDAQ), including their wholly-owned and majority-owned subsidiaries anywhere in the world. Under SOX Section 404, management must assess and report on the effectiveness of internal controls over financial reporting (ICFR); the external auditor must also attest to the management’s assessment. For Indian subsidiaries of US-listed companies: the Indian subsidiary’s financial data feeds into the consolidated SOX 404 assessment of the US parent; control weaknesses at the Indian subsidiary level are material weaknesses at the group level; and SOX compliance testing is an annual requirement for every in-scope Indian entity. Our SOX Audit and Compliance services are specifically designed for Pune’s IT and engineering MNC subsidiaries that need India-based SOX compliance expertise.

GST Audit (GSTR-9C) — Annual Reconciliation Above Rs. 5 Crore Turnover

Businesses registered under GST with aggregate annual turnover exceeding Rs. 5 crore must file a self-certified Annual Return (GSTR-9) and a Reconciliation Statement (GSTR-9C) for each financial year. GSTR-9C is a reconciliation between the audited annual accounts and the GST returns filed during the year. It is self-certified by the registered person (since FY 2021-22, CA certification of GSTR-9C is no longer mandatory but is strongly advisable). Our GST audit practice prepares the GSTR-9 and GSTR-9C for clients above the threshold, reconciling turnover, ITC, and tax payment data between the accounting books and the GST portal records, identifying and addressing discrepancies before they trigger demand notices.

Secretarial Audit Under Section 204 — For Listed and Large Companies

Section 204 of the Companies Act, 2013 requires specified companies to appoint a Company Secretary in Practice to conduct a Secretarial Audit and submit a Secretarial Audit Report (Form MR-3) along with the Annual Report. The Secretarial Audit covers compliance with the Companies Act, SEBI regulations (for listed companies), FEMA, RBI regulations, and other applicable laws. Companies required to conduct Secretarial Audit: listed companies; public companies with paid-up capital exceeding Rs. 50 crore or turnover exceeding Rs. 250 crore. For private limited companies: Secretarial Audit is required if paid-up capital exceeds Rs. 10 crore or turnover exceeds Rs. 100 crore (as per the Companies (Meetings of Board and its Powers) Rules). Our Secretarial Audit service covers the complete Form MR-3 report for eligible Pune companies.

Internal Audit — Independent Review of Controls and Risk

Internal audit is an independent appraisal function that examines and evaluates an organisation’s activities to provide assurance and consulting on the design and effectiveness of risk management, control, and governance processes. Section 138 of the Companies Act makes internal audit mandatory for: every listed company; every unlisted public company above specified thresholds; and private companies above specified thresholds (paid-up capital >Rs. 50 crore or turnover >Rs. 200 crore or borrowings >Rs. 100 crore or deposits >Rs. 25 crore). For management-commissioned internal audits (below the statutory threshold): our internal audit practice provides independent assessment of financial controls, procurement processes, IT controls, payroll compliance, and regulatory compliance — providing management with the assurance that the business is operating as intended.

Stock and Fixed Asset Audits — For Banks and Internal Management

Our stock audit practice verifies the inventory hypothecated to banks against the drawing power statements submitted by the borrower, providing the bank with independent assurance that its credit security is intact. See our Inventory Stock Audit guide and Fixed Asset Audit and Verification guide for the complete methodology. For fixed asset tagging (creating the physical-digital link for each capital asset), see our Fixed Asset Tagging and Verification guide.

Forensic Accounting — Investigation of Financial Misconduct

When financial fraud, misconduct, or dispute requires an independent expert to examine financial records, quantify losses, and present findings in a form suitable for litigation or management action, forensic accounting provides the investigative framework. Our forensic accounting and investigation practice covers asset misappropriation, financial statement fraud, procurement fraud, intellectual property theft, and dispute support for NCLT and arbitration proceedings. For the digital evidence collection and analysis side of forensic investigation, see our forensic technology solutions guide