Bhitick Sethia & Associates — Chartered Accountants

Audit

When Does a Business Need an Audit?

Statutory, tax and voluntary audits — explained without legal jargon.

2026-01-22 · 5 min read

Some businesses must get audited under company law or tax law based on turnover, capital or other conditions.

Even when not mandatory, banks, investors and buyers often ask for audited financials.

An audit is not only a formality — it checks whether books reflect reality and highlights control gaps.

If you are unsure whether an audit applies to you, we review your situation and explain the requirement in plain language.

Want this applied to your business?

We can review your situation and explain the next steps in plain language.

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