Audit & Assurance Services
Strong governance is not optional. It is the backbone of sustainable growth.
At J C Kabra & Associates, our Audit & Assurance practice is designed to go beyond regulatory compliance. We combine technical rigor, structured methodology, and technology-enabled processes to deliver independent assurance that strengthens stakeholder confidence and mitigates financial risk.
Our audit engagements are executed by qualified Chartered Accountants supported by trained teams, standardized checklists, documented audit trails, and multi-level review mechanisms — ensuring quality, consistency, and timely completion.
We also provide clients with a secure online portal for document exchange, status tracking, and real-time coordination, ensuring confidentiality and transparency throughout the audit lifecycle.
Statutory Audit
Applicability
- Companies registered under the Companies Act, 2013 (including erstwhile Companies Act, 1956)
- Limited Liability Partnerships (LLPs) with turnover exceeding ₹40 Lakhs or contribution exceeding ₹25 Lakhs
Scope & Objective
Statutory Audit evaluates whether the financial statements present a true and fair view and whether the entity complies with applicable laws, accounting standards, and regulatory requirements.
Our Approach
- Risk-based audit planning
- Structured audit checklists tailored to each client
- Timely reporting aligned with statutory deadlines
- Detailed working paper documentation with supervisory review
- Identification of internal control gaps and process improvement recommendations
We ensure that compliance is achieved without compromising analytical depth or reporting quality.
Tax Audit (Section 44AB – Income Tax Act, 1961)
Applicability
- Businesses with turnover exceeding ₹1 Crore
- Professionals with receipts exceeding ₹25 Lakhs (Subject to applicable amendments and thresholds)
Purpose
Tax Audit ensures accuracy of income reporting and compliance with provisions of the Income Tax Act under the self-assessment system.
Our Services
- Verification of books of account and financial records
- Review of tax positions and disallowances
- Preparation and filing of Tax Audit Report (Form 3CA/3CB & 3CD)
- Advisory on compliance gaps and corrective measures
We ensure reporting accuracy while minimizing exposure to future scrutiny.
Transfer Pricing Audit (Section 92E – Income Tax Act, 1961)
Applicability
- Entities entering into international transactions with Associated Enterprises (AEs).
Purpose
- To ensure that international transactions are conducted at Arm’s Length Price and do not result in profit shifting or base erosion.
Our Services
- Review of international transaction structures
- Verification of maintenance of prescribed documentation
- Certification of Form 3CEB
- Advisory on transfer pricing adjustments and risk mitigation
We help businesses defend pricing policies with robust documentation and defensible benchmarking.
Internal, Concurrent, Risk & Management Audit
As organizations scale, operational and financial risks multiply. Internal Audit provides continuous oversight beyond the scope of statutory audit.
Applicability (as per Companies Act & Rules)
Applicable to specified classes of listed and unlisted public and private companies based on paid-up capital, turnover, borrowings, or deposits as prescribed under Rule 13 of Companies (Accounts) Rules, 2014.
Our Coverage Includes
- Revenue Audit (Income Leakage Review)
- Compliance Audit (Taxation & Regulatory)
- Payroll & Reimbursement Audit
- Procurement Audit
- Systems / EDP Audit
- Bank Concurrent Audit
- Risk-based Operational Audit
Objective
- Strengthen internal controls
- Identify financial leakages
- Strengthen internal controls
- Identify financial leakages
- Enhance operational efficiency
- Improve governance and compliance culture
We provide actionable reports with risk ranking and management recommendations — not just observations.
Co-operative Society Audit
Applicability
Mandatory under the Maharashtra Co-operative Societies Act, 1960, including filing through the state web portal.
Our Services
- Conduct of statutory audit
- Compliance verification under the applicable Act
- Timely filing of returns and audit reports
- Advisory on governance and financial controls
We bring specialized understanding of co-operative sector regulations and reporting formats.
Trust & Section 8 Company Audit
Applicability
- Charitable & Religious Trusts registered under Section 12A/12AB
- Entities claiming exemption under Section 11
- Section 8 companies
Purpose
To ensure proper utilization of funds, compliance with income tax provisions, and adherence to regulatory norms.
Our Services
- Verification of application of funds
- Review of exemption eligibility
- Audit reporting under prescribed formats
- Advisory on regulatory compliance
We help not-for-profit organizations maintain credibility, transparency, and regulatory discipline.
Our Assurance Philosophy
- Independence with integrity
- Structured methodology with technology integration
- Confidential, secure document management
- Time-bound execution
- Value-added insights beyond compliance
We help not-for-profit organizations maintain credibility, transparency, and regulatory discipline.