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Rabi Agrawal & AssociatesChartered AccountantsRaipur & Kalahandi (Odisha)
Audit & Assurance

Audit & Assurance

Practice Overview

Audit & AssuranceServices & Regulatory Framework

Chartered Accountancy services in Raipur, Chhattisgarh & Kalahandi, Odisha. Partner-led engagement ensuring full statutory compliance under applicable laws.

Audit is the part of a Chartered Accountant's work that the law reserves. A company's accounts cannot be adopted without one, a business above the turnover threshold cannot file its return without one, a trust loses its exemption without one, and money cannot leave a real estate project's designated account without a Chartered Accountant's certificate. In each case the obligation is statutory, and in each case it is the auditor's own name and registration on the report.

Which audits apply to a particular organisation is less obvious than it sounds. A company requires a statutory audit from its first year whatever its size, but may or may not require a tax audit. An LLP may require a statutory audit under one law while falling below the threshold under another. A trust may need an audit even with no tax to pay. Establishing the position correctly is where an engagement should begin.

We conduct audits for companies, LLPs, firms, trusts, societies and real estate promoters across Raipur and Chhattisgarh, and for clients in Odisha through our Kalahandi office.

Core Practice Areas

Tax Audit under Section 63 (formerly Section 44AB)

Applicability testing against turnover, cash-transaction percentages and declared profitability; the audit itself; and the report — on the existing forms for the year now being completed, and on the new consolidated form from the following year.

Statutory Audit in Raipur

Audit under the Companies Act for every company regardless of size, including the additional clause-by-clause reporting where it applies, internal financial controls, and verification of the audit trail in the accounting software.

Internal Audit Services

Where the Companies Act requires it, and — more often — where a business has grown past the point at which the owner can personally see everything. Stock, branches, purchases, cash and site labour.

Certification Services

Certificates for banks, tenders, subsidies and foreign remittance, issued in prescribed formats and carrying a verifiable identification number.

Trust, Society & NGO Audit

The exemption audit for charitable organisations, the annual filings that accompany it, and the registration position under the framework that changed on 1 April 2026.

Direct Advisory

Schedule Consultation

Speak directly with our partner-led team for professional guidance or regulatory compliance.

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Call Directly

+91 86978 14116

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Email Inquiry

rabiagrawal.associates@gmail.com

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Office Locations:

• Raipur: Shyam Plaza, Pandri

• Kalahandi: Main Road, Jayapatna

Clear Answers

Frequently Asked Questions

Does my company need an audit if it has not started trading?
Yes. A statutory audit under the Companies Act is required of every company from its first financial year, with no exemption based on turnover, size or activity. A company incorporated in advance of trading, or one that has been dormant, still requires an audit and must still file audited accounts. This catches founders out regularly and is worth factoring in before incorporating early.
What is the difference between a statutory audit and a tax audit?
They arise under different laws and answer to different people. A statutory audit is required of every company under the Companies Act and reports to the members on whether the accounts give a true and fair view. A tax audit is required under the income tax law once a turnover or profitability threshold is crossed, and reports to the Income Tax Department in a prescribed form. An organisation can require one, both or neither, and the thresholds are unrelated. Where both apply we conduct them together.
When do audits need to be completed?
Earlier than most businesses assume. For a company, the audited accounts must be laid before the members by the end of September in the ordinary course. The tax audit report falls due a month before the return in an audit case. A trust's exemption audit report is due a month before its return, and must be filed before it. In each case the operative date is a month or more ahead of the date businesses tend to have in mind, which is why work beginning in September is already compressed.
Can the same firm do our statutory audit and our internal audit?
No. A company's statutory auditor is not permitted to provide internal audit services to the same company — the two functions are meant to be a check on one another. The same principle applies under RERA, where the Chartered Accountant certifying withdrawals from a project's designated account is required to be a different person from the one conducting the annual audit of project accounts. Where we act in one capacity for a client, we do not act in the other.
Our accounts are behind. Can you still audit?
Usually, but the first work is bringing the records to a state in which an audit is possible — reconciliations completed, balances confirmed, stock verified. That is accounting rather than audit, and it takes time that a September start does not allow for. Where records are significantly behind, the practical answer is often to deal with the accounting first and plan the audit around a realistic date, rather than compress both and produce a qualified report.
Chartered Accountants

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