Financial Audit by CA – Trusted Services by GST Suvidha Centre
What is a Financial Audit by CA?
A Financial Audit, or Balance Sheet Audit by a CA, is an independent review of the financial statements of a business by a qualified Chartered Accountant. This audit is conducted to ensure that the financial data of the business is accurate and conforms with accounting standards, tax regulations, and statutory obligations.
At GST Suvidha Centre, our professional CAs conduct comprehensive audits for businesses of all sizes across India, providing transparency and credibility in financial reporting.
Why is a Financial Audit important for a business?
A Balance Sheet Audit by CA can help confirm that the accounts of the business present an accurate and true account of the financial position of the business. This process protects the interests of shareholders, lenders, and regulatory authorities.
Some advantages of a Balance Sheet Audit by CA include:
- Ensures Accuracy of Financial Statements
- Strengthens Credibility
- Detection of fraud and mistakes;
- Compliance with Companies Act and Income Tax legislation;
- Supports Loan & Tender Applications
- Increase internal control and transparency.
- Improves Decision-Making
- Increases Transparency
Your audit with GST Suvidha Centre will be comprehensive and will be completed in a timely manner and performed according to the legal requirements
What is the process of a Financial or Balance Sheet Audit?
The following procedure is followed while conducting a financial audit by a CA
Step 1: Understanding the business, scope, risks, and preparing an audit plan.
Step 2: Collection of Financial Records
Step 3: The auditor conducts a risk assessment, tests the internal controls
Step 4: Auditor verifies transactions, balances, supporting documents, and reconciliations.
Step 5: Analytical Review through ratios, variances, and financial patterns to identify inconsistencies.
Step 6: Ensure financial statements comply with accounting standards and statutory regulation
Step 7: Auditor summarises findings, observations, and expresses an audit opinion.
What documents are required for conducting the Audit?
The following documents are generally required for conducting a financial audit by CA:
- Financial Statements
- General Ledger & Subsidiary Ledgers
- Bank Statements & Bank Reconciliation Statements
- Sales and Purchase Register
- Expense Bills & Vouchers
- GST Returns & Income Tax Returns
- Fixed Asset Register
- Inventory Records
- Cash Book & Petty Cash Records
- Loan Agreements and investment details
- Previous Audit Report
-
MOA, AOA, Partnership Deed, or Business Registration Proof
What is the process to apply online for the Audit?
It is easy to get a Balance Sheet Audit by CA Online; it can be done through GST Suvidha Centre. The process is digitised, and you can share all the financial information securely through our online portal.
As part of this service, we provide the following:
- Financial Audit Report with certification of all annexures
Process to Avail the Service:
- Book a Consultation (Optional)
Visit our website to schedule a free consultation call if you require guidance before proceeding. - Select and Add the Service to Cart
Choose the Financial Audit by CA service and add it to your cart. You may opt to proceed directly without a consultation. - Upload Required Documents and Complete Payment
Securely upload all necessary documents on our portal and finalise the process by making the payment. - Back-End Processing by Our Team
Our team will carry out all required procedures and formalities using the documents you have provided. - Completion and Document Handover
Upon completion, we will send the report of your business online.
Our CA team will access your ledgers, bank statements, and financial records remotely and send you a signed audit report. The online certification process effectively saves you time and is available anywhere in India.
Is Financial Audit by CA services available near me?
If you are looking for a Balance Sheet Audit by a CA near you, GST Suvidha Centre is your best option. We have our Centre in Bilaspur and other locations in Chhattisgarh and across India that provide both online and offline audit services.
Our local experts know the regional industry structure, verify it thoroughly and provide accurate reports as per government rules.
How much will it cost to conduct a financial audit for a business?
At GST Suvidha Centre, the charges for a financial audit will depend on the turnover of the organization. You can select the appropriate option of turnover limit and pay the price accordingly. We offer flexible and affordable plans tailored to your business size and financial operations.
Why choose GST Suvidha Centre for the Financial Audit of your business?
- Qualified Chartered Accountants (CAs)
- Audit fees are cheap
- Audit reports are delivered timely and accurately
- Online services across PAN India
- Confidential and transparent process
We are a trusted name for Balance Sheet Audit by CA in Bilaspur and across Chhattisgarh and India for traders, MSMEs and large companies.
The thoroughness of this process gives you the assurance that your financial statements are accurate, legally compliant, and ready for your company.
Frequently Asked Questions:
Q1. Who needs a Financial Audit by a CA?
A. Companies and certain businesses mandated under the Companies Act, as well as firms or entities requiring audits for bank loans, tenders, or compliance, must undergo a financial audit.
Q2. Can the audit be done online?
A. Yes. You can share all records digitally. Our team and the CA handle the entire process online.
Q3. How long will a Balance Sheet Audit take?
A. Timelines vary depending on the size and complexity of your business. It generally takes 7–15 days, depending on the size of the business and the data availability.
Q4. Is the audit report accepted by banks and government departments?
A. Yes. A Financial Audit Report issued by a CA is legally valid and widely accepted for loans, tenders, compliance, and statutory requirements.
Q5. What if my books of accounts are incomplete or inaccurate?
A. GST Suvidha Centre provides accounting support to correct and update your records before submitting them for audit. But the accounting service is chargeable extra.
Q6. How long does the Financial Audit take to complete?
A. Timelines depend on the size and complexity of your organisation, but our team ensures timely completion with proper coordination. Generally, it takes 2-4 weeks, depending on the company’s size and volume of documents.
If you’re looking for a reliable Balance Sheet Audit by CA in India, contact GST Suvidha Centre today. Our expert CAs will provide accurate, compliant, and affordable audit services that help your business stay transparent, compliant, and growth-ready.
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