Struggling with compliance or looking to scale your business? We're here to help.
AUDITING & ASSURANCE
At T. Hareesh & Associates, we understand that auditors play a critical role in building trust and transparency in financial reporting. Our audit and assurance services are designed to enhance stakeholder confidence and support smarter decision-making.
We go beyond the numbers. Our approach is tailored to your industry, business size, and operational structure, ensuring that every audit we conduct is relevant, insightful, and adds measurable value.
As a firm known for professional integrity, independence, and ethical standards, we deliver audits that not only meet regulatory expectations but also empower clients with clarity and control.
With today’s rapidly evolving business landscape, our clients rely on us not just for audits but for ongoing advisory and consulting support across accounting, compliance, and commercial matters.
We work closely with you to uncover meaningful insights, helping you understand your organization’s financial health and unlock your full business potential.
Frequently Asked Questions
Q1. Q: When is Audit required under law?
Statutory Audit:
- For Private Company/ Public Company: Mandatory irrespective of Turnover, profits etc. If the company is incurring loss even then statutory audit is required.
- For LLP: Statutory audit is applicable if turnover in any financial year exceeds Rs. 40 Lakhs or its contribution exceeds Rs. 25 Lakhs.
Tax Audit:
A taxpayer is required to have a tax audit carried out if the sales, turnover or gross receipts of business exceed Rs 1 crore in the financial year.
Internal Audit:
Internal Audit is applicable to such class or classes of companies as prescribed under section 138 of Companies Act,2013
Q2
Statutory Audit:
- For Private Company/ Public Company: Mandatory irrespective of Turnover, profits etc. If the company is incurring loss even then statutory audit is required.
- For LLP: Statutory audit is applicable if turnover in any financial year exceeds Rs. 40 Lakhs or its contribution exceeds Rs. 25 Lakhs.
Tax Audit:
A taxpayer is required to have a tax audit carried out if the sales, turnover or gross receipts of business exceed Rs 1 crore in the financial year.
Internal Audit:
Internal Audit is applicable to such class or classes of companies as prescribed under section 138 of Companies Act,2013
Q3
Statutory Audit:
- For Private Company/ Public Company: Mandatory irrespective of Turnover, profits etc. If the company is incurring loss even then statutory audit is required.
- For LLP: Statutory audit is applicable if turnover in any financial year exceeds Rs. 40 Lakhs or its contribution exceeds Rs. 25 Lakhs.
Tax Audit:
A taxpayer is required to have a tax audit carried out if the sales, turnover or gross receipts of business exceed Rs 1 crore in the financial year.
Internal Audit:
Internal Audit is applicable to such class or classes of companies as prescribed under section 138 of Companies Act,2013
Q1. Q: When is Audit required under law?
Statutory Audit:
- For Private Company/ Public Company: Mandatory irrespective of Turnover, profits etc. If the company is incurring loss even then statutory audit is required.
- For LLP: Statutory audit is applicable if turnover in any financial year exceeds Rs. 40 Lakhs or its contribution exceeds Rs. 25 Lakhs.
Tax Audit:
A taxpayer is required to have a tax audit carried out if the sales, turnover or gross receipts of business exceed Rs 1 crore in the financial year.
Internal Audit:
Internal Audit is applicable to such class or classes of companies as prescribed under section 138 of Companies Act,2013