Audit Services
Get structured audit support for statutory audit, internal audit, forensic audit, stock audit, GST and tax review, process testing, due diligence, lender reporting, compliance checks and management-ready audit documentation.
One audit desk for financial assurance, risk review, compliance testing and management reporting.
Audit support should match the exact objective: statutory compliance, lender reporting, internal controls, fraud investigation, stock verification, tax review or due diligence.
What we review before starting audit work
Every audit assignment begins with scope, period, entity type, accounting system, business process, risk areas, statutory requirement, reporting format and the decision-maker who will use the report.
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Convert accounts, transactions and controls into reliable decision-making evidence.
Audit services help businesses verify financial records, meet statutory obligations, satisfy lenders, detect risk areas, improve internal controls, prepare for investors and protect management from avoidable compliance or reporting gaps.
Statutory Audit Readiness
Prepare accounts, schedules, confirmations and compliance files for annual audit requirements.
Internal Control Review
Test purchase, sales, inventory, payroll, expense and approval processes for control gaps.
Tax & GST Checks
Review TDS, GST, income tax, returns, credits, reconciliations and compliance exposure.
Stock & Asset Verification
Check inventory records, physical stock, ageing, valuation, fixed assets and variances.
Fraud & Risk Signals
Identify fake invoices, duplicate payments, suspicious vendors, cash leakage and unusual journals.
Management Reporting
Deliver practical findings, risk ratings, financial impact and corrective action suggestions.
Documents commonly needed for audit services.
The list changes by audit scope, but these records are usually required for a professional audit review.
Financial & Accounting Records
- Trial balance, ledgers and financial statements
- Bank statements and bank reconciliation statements
- Sales, purchase, expense and journal vouchers
- Fixed asset register and depreciation workings
- Accounting software exports and audit trails
Compliance & Tax Records
- GST returns, GSTR-2B and reconciliation reports
- TDS returns, challans and deduction ledgers
- Income tax computation and prior year returns
- ROC records, board minutes and statutory registers
- Contracts, licenses and regulatory filings
Operational & Risk Inputs
- Stock register, inventory ageing and valuation summary
- Payroll records, reimbursements and employee advances
- Vendor master, customer master and confirmations
- SOPs, approval matrix and user access reports
- Previous audit reports and management responses
How CompanyJi handles audit service assignments.
We focus on scope clarity, data request, transaction testing, exception reporting and practical management recommendations.
Scope Mapping
We identify audit objective, review period, entities, locations, business process and reporting requirement.
Document Checklist
We share a focused checklist for books, tax records, bank data, stock records and compliance documents.
Testing & Review
We perform ledger review, sample testing, reconciliation, control checks and variance analysis.
Exception Mapping
We classify findings by risk, amount, evidence strength, compliance impact and responsible process.
Audit Report
We provide findings, management points, corrective action suggestions and compliance follow-up support.
Statutory Audit vs Internal Audit vs Forensic Audit vs Stock Audit.
The right audit depends on your objective: compliance opinion, management control review, fraud investigation or inventory/lender verification.
Audit Services FAQs
Category-wise answers covering audit basics, types, documents, process, statutory audit, internal audit, forensic audit, stock audit, reporting and common mistakes.
Basics
Important audit services guidance.
Audit services include independent or management-focused review of financial records, controls, compliance, transactions, inventory, taxes and reporting evidence.
Audit support improves financial reliability, compliance readiness, lender confidence, internal control discipline and management decision-making.
No. Companies, LLPs, firms, proprietorships, trusts, societies and funded startups may need different audit reviews depending on law, lender or management requirement.
Yes. CompanyJi can support statutory audit readiness, internal audit, forensic review, stock audit, tax audit support and compliance review.
Audit assignments involving financial records, fraud concerns or management reporting are handled with controlled access and confidentiality.
Types
Choosing the right audit.
The right audit depends on whether your goal is statutory compliance, process improvement, fraud investigation, stock verification or tax review.
Statutory audit is an annual financial statement audit required by law for companies and certain other entities.
Internal audit reviews business processes, controls, SOP compliance, risk areas and operational discipline.
Forensic audit is a focused investigation into suspected fraud, fund diversion, fake invoices, cash leakage or financial irregularity.
Stock audit verifies inventory records, physical stock, valuation, ageing, warehouse controls and lender reporting.
Documents
Records commonly required.
Trial balance, ledgers, bank statements, invoices, vouchers, GST/TDS records, stock data, contracts and prior reports are commonly required.
Software access or exported reports from Tally, Zoho, QuickBooks, ERP or similar tools help audit testing and reconciliation.
Yes. Bank statements are important for payment tracing, reconciliation, cash review, fund flow and transaction testing.
Where relevant, GST returns, GSTR-2B, TDS returns, challans and tax ledgers are reviewed with books.
Yes, but incomplete records may limit findings. CompanyJi can help identify missing documents and create a cleanup checklist.
Process
How audit work moves.
CompanyJi starts with scope discussion, objective, entity details, period covered, document checklist and risk-area mapping.
Timeline depends on audit type, transaction volume, record quality, number of locations and reporting depth.
Many ledger, bank, tax and document reviews can be done remotely. Physical stock or asset verification may need site visit.
The report may include scope, methodology, findings, exceptions, risk ratings, financial impact and corrective action suggestions.
Yes. CompanyJi can support compliance cleanup, accounting correction, control documentation and follow-up reviews.
Statutory Audit
Annual audit and compliance.
Companies generally require statutory audit under company law, regardless of profit or turnover.
It means preparing books, schedules, confirmations, reconciliations and compliance files before auditor review.
Yes. CompanyJi can help prepare ledgers, schedules, fixed asset details, bank reconciliations and supporting files.
Audited financial statements are important for annual ROC filings and board/shareholder approvals.
Yes. Delay can affect tax filing, ROC filings, lender submissions and investor reporting.
Internal Audit
Control and process review.
Internal audit reviews purchases, sales, inventory, payroll, expenses, approvals, reconciliations and compliance processes.
Yes. Startups use internal audit to improve controls, investor reporting, expense discipline and compliance maturity.
It can identify weak approvals, duplicate payments, unsupported expenses, payroll gaps and reconciliation issues.
Frequency depends on size and risk. Many businesses prefer quarterly, half-yearly or annual internal review.
Yes. SOP compliance and approval matrix adherence are common internal audit focus areas.
Forensic Audit
Fraud and irregularity review.
Forensic audit is required when fraud, fund diversion, fake bills, cash leakage or manipulation is suspected.
Yes. Vendor master, GSTINs, invoices, bank accounts, purchase orders and approval trails can be examined.
Yes. Payroll, reimbursements, advances, system access, approval misuse and conflict indicators can be tested.
A well-documented report may support management decisions and legal strategy, subject to legal advice.
Premature disclosure can affect evidence. Communication should be planned carefully with management and legal advisors.
Stock Audit
Inventory and lender review.
Stock audit reviews physical inventory, books, stock statements, valuation, ageing and warehouse controls.
Banks and NBFCs may ask for stock audit for working capital borrowers as per sanction terms.
Physical verification may be required where stock existence, condition and location need confirmation.
Yes. Slow-moving, obsolete, damaged and overvalued stock can be identified in review.
Yes. Multiple warehouses can be covered based on scope, location access and inventory value.
Mistakes
Common audit mistakes.
The biggest mistake is starting audit without clear scope, documents, responsibility and reporting objective.
Yes. Missing ledgers, vouchers, reconciliations and tax records can delay review and weaken conclusions.
Yes. Findings should be converted into corrective actions, control improvements and compliance cleanup.
Yes. A forensic issue needs different testing from statutory audit, while stock audit needs inventory-specific review.
Yes. Poor documentation can affect bank comfort, investor diligence and management decision-making.
Make your audit file clear, complete and action-ready.
Before audit delays, weak reconciliations, stock gaps, tax mismatches or control failures affect your business, prepare a structured audit file with CompanyJi’s CA-led audit services support.