Audit & Assurance
Audit services that strengthen compliance and reporting
Audit services include statutory audit, internal audit, concurrent audit, revenue audit, stock audit and internal financial controls review. These services help organizations improve compliance, reporting accuracy, internal controls and governance systems.
Audit services we offer
- Statutory Audit under Companies Act, 2013
- Tax Audit u/s 44AB of the Income Tax Act
- GST Audit & GSTR-9C certification support
- Internal Audit — risk-based and process-driven
- Concurrent Audit for banks and NBFCs
- Stock Audit for inventory-intensive businesses
- Revenue Audit assignments
- Internal Financial Controls (IFC) review & testing
- Due Diligence for fundraising, investment and M&A
FAQ
Audit FAQs
Q. Which businesses in Sonipat require a statutory audit?
A. Private and public limited companies, LLPs crossing prescribed turnover or capital thresholds, and certain other notified entities require statutory audit annually. We help confirm applicability and complete the audit professionally.
Q. What is the difference between statutory and internal audit?
A. Statutory audit is mandated by law and reports on the truth and fairness of financial statements. Internal audit is management-driven and focuses on processes, risks and controls.
Q. Can VAVS & CO. assist with stock audit for a bank in Haryana?
A. Yes. Our team handles stock audit and concurrent audit assignments for banks and financial institutions where engaged.
Q. How long does a statutory audit take?
A. Timeline depends on size and readiness. For a typical SME, a structured audit is generally completed in 2–4 weeks. We share a checklist upfront so books are audit-ready.
Q. Do you provide IFC reports for private companies?
A. Yes — we assist with design and testing of internal financial controls, documentation of a risk-control matrix and the related IFC reporting alongside the statutory audit.
Get in touch
Need audit support? Contact our team.
Reach out to VAVS & CO. for GST, Income Tax, Audit, ROC Compliance, Accounting and Business Advisory. Our team will respond during business hours.