NEXSAS Consultants
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Practice Area Scope

Audit & Assurance

Our Audit & Assurance practice delivers rigorous, independent statutory audit and risk assurance services for corporate entities. We specialize in Companies Act 2013 Statutory Audits, Section 44AB Tax Audits (Form 3CD), Internal Control Testing (IFC), and Pre-Investment Due Diligence.

Statutory Authority & Regulatory Mandate

Section 139 & 143 of Companies Act, 2013 | Section 44AB Income Tax Act, 1961 | Standards on Auditing

Key Scope of Work & Deliverables

Statutory Audit of Private & Public Limited Companies
Income Tax Audit & Certification u/s 44AB (Form 3CA/3CB & Form 3CD)
Risk-Based Internal Audit & Internal Financial Controls (IFC) Testing
Stock Audit, Asset Verification & Investigative Due Diligence
Pre-Investment Financial Due Diligence for M&A and Funding Rounds
Component & Subsidiary Audits for Foreign Parent Companies
Management & Operational Cost Audits

Ideal Client Profiles

Growth Startups preparing for VC/PE Diligence
Manufacturing, Export & Supply Chain Corporates
Technology, SaaS & IT Enterprises
Financial Services, NBFCs & Trading Enterprises

Frequently Asked Questions

Who needs a mandatory Tax Audit under Section 44AB?

Businesses with turnover exceeding ₹1 Cr (or ₹10 Cr if cash transactions are under 5%) and professionals with gross receipts exceeding ₹50 Lakhs (or ₹75 Lakhs under presumptive scheme) must undergo statutory tax audit under Section 44AB.

How do your audit and assurance services maintain quality and independence?

Engagements are led directly by qualified Chartered Accountants using structured risk matrices, automated sampling, and substantive quality reviews.

Statutory Timeline & Filing Rhythm
Annual (Sep 30)
Statutory Financial Statement Finalization & Audit Report
Annual (Sep 30 / Oct 31)
Form 3CA/3CB and Form 3CD Tax Audit Filing
Quarterly
Internal Audit & Board Risk Reporting

Retain NEXSAS for Audit & Assurance

Connect directly with our lead partners to discuss engagement scope, transition checklists, and customized fee retainerships.