Professional Audit Services | Statutory & Internal Audits – Clause N Canvas

Professional Audit Services

Clause N Canvas provides comprehensive audit solutions to ensure compliance, identify risks, and improve business processes for companies across India.

Schedule Audit Consultation

Statutory Audit Services

Our statutory audit services ensure your financial statements comply with applicable accounting standards and regulatory requirements.

Financial Statement Audit

Examination of balance sheets, income statements, and cash flows

Compliance Verification

Ensure adherence to Companies Act and accounting standards

Risk Assessment

Identify financial reporting risks and control weaknesses

Statutory Audit

Mandatory for companies in India

Internal Audit Services

Internal Controls

Strengthen your business processes

Our internal audit services help evaluate and improve the effectiveness of risk management, control, and governance processes.

Our Internal Audit Services:

  • Operational process reviews
  • Internal control evaluations
  • Compliance with policies and regulations
  • Fraud risk assessments
  • Process improvement recommendations

Tax Audit Services

Ensure compliance with tax regulations through our comprehensive tax audit services under Income Tax Act and GST laws.

Our Tax Audit Services:

1

Income Tax Audit

Form 3CA/3CB and 3CD preparation

2

GST Audit

GSTR-9C reconciliation statement

3

Transfer Pricing

Compliance with international taxation

Tax Compliance

Avoid penalties and notices

Our Audit Process

Clause N Canvas follows a systematic 6-step approach to deliver thorough and efficient audits:

1

Planning

Understanding business processes and risks

2

Fieldwork

Evidence collection and testing

3

Analysis

Evaluating findings against standards

4

Reporting

Drafting audit observations

5

Discussion

Review with management

6

Finalization

Issuing audit report

Audit Services FAQs

What is the difference between statutory and internal audit?

Statutory audits are legally required examinations of financial statements, while internal audits are voluntary reviews of operations and controls to improve efficiency and risk management.

When is tax audit required for businesses?

Tax audit is mandatory if turnover exceeds ₹1 crore (₹10 crore for cashless businesses) or for professionals with receipts over ₹50 lakh under Section 44AB of Income Tax Act.

How long does an audit typically take?

Duration depends on company size and complexity. Small businesses: 2-4 weeks. Mid-sized companies: 4-8 weeks. Large enterprises: 8-12 weeks or more.

What documents are needed for audit?

Financial statements, bank statements, invoices, contracts, tax returns, minutes of meetings, and other supporting documents. We provide a complete checklist.

Ensure Compliance and Improve Your Business

Let Clause N Canvas handle your audit requirements with professional expertise.

Schedule Your Audit