Independent Auditing for Corporate Integrity

Independent auditing processes are crucial to ensure corporate transparency, protect stakeholders, and satisfy the statutory requirements of the Ministry of Corporate Affairs (MCA) and the Income Tax Department. M. Parul & Co. provides methodical, peer-reviewed audit and assurance services that verify the true and fair view of your financial state.

We approach audits as a value-add process rather than a mere compliance checker, helping company managements identify structural loopholes, strengthen control systems, and eliminate operational leakage points.

Key Areas of Auditing & Assurance

• Statutory Audits: Independent audit of annual financial statements of Private Limited companies, Public Limited companies, and LLPs in compliance with Companies Act, 2013.
• Tax Audits (Section 44AB): Compliance reviews and filing of Tax Audit Reports (Form 3CD) under the Income Tax Act for businesses exceeding turnover thresholds.
• Internal Financial Controls (IFC): Evaluating the adequacy and operating effectiveness of internal financial control systems to prevent frauds and accounting errors.
• Stock & Physical Audits: Physical asset verification, stock ledger evaluations, and raw material audits for bank credit checks and management records.
• Due Diligence Reviews: Comprehensive financial health audits, liability reviews, and compliance records checks during startup funding rounds and acquisitions.

Statutory Deadlines & Compliance

Under the Companies Act and Income Tax rules, statutory tax audits must be uploaded by September 30 of the assessment year. Late uploads trigger substantial financial penalties and departmental warnings. Our structured audit schedules ensure your logs are closed, reconciled, and audited ahead of due dates.