WHO THIS WORK IS FOR
Businesses and professionals assessing tax audit applicability and preparation.
Tax Audit Services — what the work covers
Tax audit preparation needs the full business picture: activities, accounts, tax records and the information required for the applicable disclosures. A final trial balance without supporting schedules is rarely the complete information set.
We assess the proposed engagement, request the relevant records and perform the agreed audit work. The form and reporting requirements are checked for the applicable period. Management retains responsibility for the underlying books and the information supplied.
WORK TO BE AGREED
Tax Audit Services: scope and deliverables
Confirm which of the following tasks, records and deliverables are included in your proposal before work starts.
- Applicability, reporting period and engagement review
- Financial and tax reconciliation assessment
- Relevant disclosure and evidence procedures
- Audit report preparation and portal coordination as applicable
What to confirm in your handover
- The reporting documents appropriate to the accepted audit engagement
- Communication of matters requiring management attention
- The agreed handover of reports and supporting schedules
Agree the information you will provide, the work we will perform and the records you will receive on completion.
PREPARATION CHECKLIST
Documents for Tax Audit Services
Start with these records. The initial review identifies any additional information needed for your entity and period.
- 01Final books, financial statements and prior audit reports
- 02Tax returns, GST reconciliations and TDS records
- 03Fixed asset and depreciation schedules
- 04Loans, advances, statutory dues and relevant payment records
- 05Prior returns, losses and supporting disclosure information
Use an agreed secure channel for documents. The initial enquiry form is for a description of your requirement, not financial documents or portal passwords.
Discuss the document requirementsHOW THE WORK PROGRESSES
How tax audit services work progresses
Assess the engagement
Review appointment, independence, objectives and reporting requirements.
Gather and evaluate
Perform the agreed work using records, explanations and supporting evidence.
Communicate and report
Address identified matters and complete the appropriate reporting process.
FEES & TIMING
Fees and timing for Tax Audit Services
Your proposal should identify the professional work, deliverables and any separate charges. Relevant fee factors for this service include:
- The type of audit, reporting period and engagement requirements
- Entity operations, locations and transaction complexity
- Availability of financial statements, schedules and supporting evidence
- The extent of reporting and specialist work required
Appointment and independence are considered before acceptance. The audit plan depends on record readiness, evidence and responses; findings and reporting follow the work performed.
BEFORE YOU BEGIN
Questions worth asking.
Does turnover alone decide every tax audit case?
No. The applicable period, activity and other statutory conditions need review. We assess the facts before confirming applicability.
Which audit report form is used?
The appropriate form depends on the applicable provisions and whether the accounts are audited under another law. It is confirmed during engagement review.
Can you guarantee an unqualified report?
No. The report follows the evidence, applicable requirements and professional judgement. Unresolved matters are addressed through the reporting process.
Professional information & official sources
Prepared by Mohit R Gupta & Associates, Chartered Accountants, Delhi. General service information; not a substitute for advice on your facts. Applicability and period-specific requirements depend on your facts. Use the official portals for current forms, rules and notifications.
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