Independent, rigorous audits conducted under ICAI Standards on Auditing — giving your stakeholders the confidence they need in your financial statements.
Under the Companies Act 2013, every company is required to appoint a statutory auditor who is a Chartered Accountant in practice and a member of ICAI. The audit must be conducted in accordance with the Standards on Auditing (SAs) issued by ICAI, and the auditor's report must comply with the requirements of Section 143 of the Companies Act 2013 — including CARO 2020 reporting for eligible companies.
We go beyond compliance. Our audit process identifies control weaknesses, financial reporting risks, and management information gaps that your business can actually act on. Every audit engagement at VGC is led by a partner — not delegated entirely to article assistants — ensuring the depth and quality that statutory audits demand.
"A good audit isn't just about signing off on numbers. It's about giving the board, lenders, and investors genuine confidence that what's in the accounts is what's actually in the business."
Every audit we conduct is aligned to the applicable Indian statute and ICAI standard.
Section 143 audit with CARO 2020 and Internal Financial Controls (IFC) reporting for applicable companies.
Mandatory for businesses exceeding ₹1 crore turnover (₹10 crore for digital transactions), professionals exceeding ₹50 lakh.
Reconciliation statement certification for taxpayers with aggregate annual turnover exceeding ₹5 crore.
Statutory and concurrent audit of bank branches under RBI-prescribed formats and norms.
Conducted under applicable ICAI Standards on Auditing (SAs) and Indian statutory requirements.
Full-scope statutory audit under Companies Act 2013 including CARO 2020 reporting, IFC assessment, and Director's Report coordination.
Income Tax Act tax audit with Form 3CA/3CB and Form 3CD preparation — covering all 44 clauses accurately and on time.
Risk-based internal audit mandated under Sec 138, Companies Act — covering operational, financial, and compliance risk areas with actionable recommendations.
Branch statutory audits and monthly concurrent audits of bank branches in accordance with RBI norms and formats.
Investigation-led audits to detect fraud, misappropriation, or financial irregularities — with forensic report suitable for legal proceedings.
Audit of charitable trusts, societies, and Section 8 companies registered under the Income Tax Act for 12A/80G compliance.
A structured, risk-based approach in line with ICAI Standards on Auditing.
We assess the entity's risk profile, understand the business and its environment (as required by SA 315), and determine materiality thresholds and audit scope.
We evaluate the design and operating effectiveness of internal controls — including Internal Financial Controls over Financial Reporting (IFC-FR) where applicable under the Companies Act.
Detailed transaction testing, balance confirmations, physical verification of assets, and analytical procedures — all documented in working papers per ICAI requirements.
Issuance of the auditor's report under SA 700/705/706 and a management letter highlighting control weaknesses and recommendations for improvement.
Book a free 30-minute call to discuss your audit requirements and statutory timelines.