Independent audit and assurance under the Companies Act, 2013 — combining CARO 2020 reporting and internal financial controls evaluation with data-led testing of complete transaction populations rather than samples alone.
Under Section 139 of the Companies Act, 2013, every company registered in India must appoint an independent Chartered Accountant to conduct an annual statutory audit. At Subin B & Associates, audit planning begins with risk assessment rather than checklist completion. We evaluate internal financial controls, test complete transaction populations using automated analytics where the data supports it, and report on accounting policies applied under the applicable Indian Accounting Standards (Ind AS / AS).
Independent opinion on whether the Balance Sheet, Statement of Profit and Loss and Cash Flow Statement give a true and fair view.
Reporting under the Companies (Auditor's Report) Order, 2020 covering fixed assets, inventory, loans and advances, statutory dues and related-party dealings.
Design and operating-effectiveness testing of internal financial controls over financial reporting, supported by exception analysis across the full ledger.
A written summary of control deficiencies observed during the audit, with practical recommendations for the board.
A statutory audit is mandatory for foreign subsidiaries from year one regardless of turnover. Read our full Annual Compliance Calendar for Foreign Subsidiaries.
At the first Annual General Meeting, for a term of five consecutive years, under Section 139 of the Companies Act, 2013. Casual vacancies and the first auditor after incorporation follow separate timelines.
Yes. A dormant or non-operating company registered under the Companies Act, 2013 still requires a statutory audit and the associated ROC filings.
Statutory audit is required under the Companies Act, 2013 and reports on the true and fair view of the financial statements. Tax audit is required under Section 44AB of the Income-tax Act, 1961 (Section 63 of the Income-tax Act, 2025) and reports specified particulars to the Income-tax Department. A company crossing the turnover threshold needs both.
Related: Tax Audit & ITR Filing · ROC & MCA Filings · Virtual CFO Services
Engage Subin B & Associates for your company's annual audit under the Companies Act, 2013.
