Audit & Assurance

Tax audit is mandatory if: business turnover exceeds ₹1 crore (₹10 crore if 95% transactions are digital), professional receipts exceed ₹50 lakhs, or the taxpayer opts out of presumptive taxation (44AD/44ADA) and income exceeds basic exemption limit. The audit report must be filed by 30th September.

Statutory Audit is mandatory by law, conducted by an external CA to verify financial statements' true and fair view. Internal Audit is voluntary (though mandatory for certain large companies), conducted to assess internal controls, risk management, and operational efficiency. Both serve different but complementary purposes.

Auditors require: financial statements (P&L, Balance Sheet), trial balance, bank statements, invoices, GST returns, TDS challans, fixed asset register, stock records, board minutes, statutory registers, and all supporting ledgers. Curioup's team provides a detailed audit checklist tailored to your industry.

Due diligence is an investigation of a target company's financials, legal position, liabilities, assets, and compliance status before a deal. It identifies hidden risks, litigation exposure, and tax liabilities. Curioup provides financial, tax, and legal due diligence reports that protect acquirers from post-deal surprises.

A Bank Concurrent Audit is a continuous, real-time examination of bank branch transactions to detect errors, fraud, and regulatory deviations simultaneously as transactions occur. It is mandated by RBI guidelines for branches above specified business volumes. Concurrent auditors submit monthly reports to the bank.

GST Audit under Section 65 is conducted by GST authorities for any registered taxpayer. Additionally, taxpayers with turnover above ₹5 crore must get their accounts reconciled and certified by a CA (GSTR-9C). Our team reconciles your GSTR-1/3B/books and minimises liability exposure before departmental scrutiny.

A statutory audit for a small/medium company typically takes 5–15 working days, depending on the quality of records and complexity of transactions. Curioup assigns a dedicated audit team and uses structured audit programs to complete engagements efficiently while maintaining audit quality standards.