Audit & Assurance
Thunuguntla & Associates
What We Do
Statutory Audit (Companies Act, 2013) Mandatory for all companies, our statutory audit is conducted in accordance with Standards on Auditing (SAs) issued by the ICAI. We go beyond form to substance — evaluating internal controls, related party transactions, and disclosure requirements under Schedule III.
Tax Audit u/s 44AB (Income Tax Act) Required when turnover exceeds the prescribed threshold, the Tax Audit Report (Form 3CA/3CB + 3CD) demands thorough examination of books, disallowances, depreciation schedules, and compliance positions. We ensure no adverse reporting is made without your full awareness.
GST Audit & GSTR-9C Certification The reconciliation statement (GSTR-9C) is a certification of accuracy between your books and your GST returns. We conduct a thorough reconciliation, resolve differences, and certify the statement — minimising audit risk.
Internal Audit For businesses that want assurance between statutory audits, our internal audit function evaluates process controls, identifies leakage points, and provides actionable recommendations for strengthening financial governance.
Special Purpose Audits & Certifications - Networth certificates for visa and loan purposes - Turnover certificates for tender eligibility - Bank loan utilisation certificates - Project-specific audit reports
Our Audit Philosophy
We believe audit findings should never surprise a client. We communicate proactively — raising issues during fieldwork, not in the final report. Our reports are clean, technically sound, and defensible under regulatory scrutiny.
Talk to Us
Audit due? Starting a new audit relationship? Let’s discuss.