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Auditing & Assurance Services

Our auditing and assurance practice is designed to provide stakeholders with confidence, clarity, and compliance. We go beyond the numbers to offer meaningful insights that support sound decision-making and regulatory alignment. Our services include:

Statutory Audits

Statutory audits are mandatory audits required by law to ensure a company’s financial statements present a true and fair view of its financial position.
At Rejith & Maju Chartered Accountants (RAMCA), we conduct these audits with utmost diligence and integrity, complying fully with the Companies Act, 2013, and standards prescribed by the Institute of Chartered Accountants of India (ICAI).

Auditing & Assurance
What We Offer

We provide statutory audit services to a wide range of entities, including:

  • Private and Public Limited Companies
  • LLPs and Partnerships
  • Government and Public Sector Undertakings (PSUs)
  • Non-profit organizations and trusts
Our Audit Approach Includes:
  • Understanding Your Business:
    We assess your industry, internal controls, and key financial processes.
  • Compliance Checks:
    Verifying compliance with legal and regulatory requirements including:
  • Risk-Based Audit Planning:
    Focus on high-risk areas using data analytics and expert judgement.
  • Detailed Financial Review:
    Verification of accounts, ledgers, transactions, disclosures, and compliance with Indian Accounting Standards (Ind AS).
  • Reporting & Recommendations:
    We deliver a comprehensive audit report with valuable recommendations to improve your financial controls and corporate governance.
Why Statutory Audit Is Important:
  • Mandatory Compliance: Required under Section 139 of the Companies Act, 2013.
  • Stakeholder Trust: Builds confidence among shareholders, investors, and lenders.
  • Regulatory Filing: Ensures timely and accurate filings with the Ministry of Corporate Affairs (MCA) and Income Tax Department.
  • Avoids Penalties: Prevents legal and financial consequences due to misstatements or non-compliance.
Regulatory Authorities Involved:
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Internal Audits

Internal audits are essential for proactive risk management, process improvement, and ensuring organizational efficiency. At Rejith & Maju Chartered Accountants (RAMCA) , our internal audit services go beyond compliance—we act as your strategic partner in enhancing operational resilience and corporate governance.

Auditing & Assurance
What We Offer

We conduct risk-based internal audits tailored to the size, nature, and complexity of your business. Our services cover:

  • Review of Internal Controls
  • Risk Management Evaluations
  • Compliance with SOPs & Policies
  • Operational and Financial Efficiency Checks
  • Corporate Governance Assessment
Our Internal Audit Process Includes:
  • Audit Planning and Risk Assessment:
    We identify key business risks using industry benchmarks and internal data.
  • Process Review & Gap Identification:
    Analyzing existing internal processes to detect inefficiencies or control weaknesses.
  • Control Testing:
    Evaluating the design and operating effectiveness of internal controls.
  • Compliance Check:
    Ensuring adherence to internal policies, regulatory norms, and guidelines from bodies like:
    • Actionable Reporting:
    We provide detailed audit reports with practical recommendations to mitigate risks and enhance efficiency.
Benefits of Internal Audit
  • Strengthens Internal Control Systems
  • Detects Fraud and Operational Risks Early
  • Improves Compliance Across Functions
  • Boosts Investor & Board Confidence
  • Supports Better Decision Making and Strategic Planning
Who Needs Internal Audits?
Internal audits are highly recommended for:
  • Private and Public Companies
  • Startups & Growth-Stage Firms
  • NBFCs, Financial Institutions, and Co-operative Societies
  • NGOs and Trusts
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Tax Audits

Tax audits are mandatory for businesses meeting specific turnover or income thresholds under the Income Tax Act, 1961. At Rejith & Maju Chartered Accountants (RAMCA) , we conduct detailed tax audits with precision, helping clients maintain full compliance while uncovering opportunities for tax savings and efficiency.

Auditing & Assurance
What Is a Tax Audit?

A tax audit is an examination of a taxpayer’s books of accounts to verify that income, deductions, and tax liabilities are correctly reported under Section 44AB of the Income Tax Act. This audit must be conducted by a qualified Chartered Accountant and filed using Form 3CA/3CB along with Form 3CD

Our Tax Audit Services Include:
  • Verification of Compliance with Section 44AB:
    Applicable for businesses/professionals exceeding prescribed turnover limits.
  • Preparation & Filing of Tax Audit Report:
    Filing Form 3CA/3CB and detailed Form 3CD within the due date via Income Tax Portal.
  • Identification of Tax Saving Opportunities:
    Reviewing deductions, allowances, and provisions under the Income Tax Act.
  • Advisory on Tax Risk & Compliance Gaps:
    Preventing penalties and scrutiny by ensuring accurate reporting and documentation.
Why Tax Audits Are Important
  • Statutory Requirement under Indian tax laws.
  • Ensures Accurate Tax Liability Calculation.
  • Avoids Penalties for Misreporting or Non-Compliance.
  • Improves Transparency with Tax Authorities.
  • Assists in Case of Scrutiny Assessments or Notices.
Applicable To:
  • Businesses with turnover exceeding ₹1 crore (₹10 crore in digital transactions).
  • Professionals with gross receipts exceeding ₹50 lakh.
  • Entities claiming presumptive taxation under Section 44AD/44ADA/44AE and not meeting specific conditio
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Compliance Audits

In today’s regulatory environment, non-compliance can result in penalties, reputational damage, and business disruption. At Rejith & Maju Chartered Accountants (RAMCA), we offer Compliance Audit services that ensure your business consistently meets statutory, regulatory, and internal governance requirements, helping you stay protected and aligned with industry best practices.

Compliance Audits
What Is a Compliance Audit?

A compliance audit is a systematic review of how well an organization adheres to external laws, government regulations, industry standards, and internal policies. These audits are vital for demonstrating accountability, reducing legal risks, and improving operational integrity.

Our Compliance Audit Covers:
  • Regulatory Compliance Review:
    Evaluation of laws such as:
  • Internal Policy Audit:
    Review of SOPs, ethical policies, and internal controls.
  • Gap Analysis & Risk Assessment:
    Identify non-compliance and potential impacts.
  • Remediation & Advisory:
    Practical roadmap to correct and improve compliance.
  • Filing & Documentation Support:
    Ensure audit-ready documentation for inspections.
Benefits of Compliance Audits
  • Mitigates Legal and Financial Risks
  • Builds Stakeholder Confidence
  • Enhances Transparency & Trust
  • Prepares for Regulatory Checks
  • Strengthens Corporate Governance
Applicable Industries & Sectors
  • Listed and Unlisted Companies
  • Financial Institutions & NBFCs
  • Exporters & Importers
  • Healthcare & Manufacturing
  • NGOs, Education, and Trusts
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