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ICAI Accredited CA Firm

Audit & Assurance
Services by Expert CAs

Independent audit and assurance services for businesses, banks, NBFCs and corporates across India — covering statutory audits, internal audits, concurrent audits, IS audits, CDSL audits and SEBI compliance, delivered with precision, integrity and regulatory expertise.

Secure & Confidential
ICAI Accredited Firm
Expert Chartered Accountants
Banking & SEBI Specialists
12+
Years of Audit Experience
200+
Audit Clients Served
12
Industries Covered
6
Audit Service Specialisations
Get an Audit Quote

Share your details and our CA team will get in touch to discuss your audit requirements.

Request Submitted

Thank you! Our CA team will review your requirement and get in touch shortly.

Our Audit & Assurance Services

Comprehensive audit services across six specialisations — from mandatory statutory audits to highly specialised banking, CDSL and SEBI compliance audits.

Statutory
Statutory Audit
Legally mandated independent examination of financial statements for companies, LLPs and other entities under the Companies Act, 2013 and applicable standards.
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Internal
Internal Audit
Independent assessment of internal controls, risk management and governance processes to improve operational efficiency and ensure regulatory compliance.
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Forensic
Forensic Audit
Specialised investigation of financial records to detect fraud, misappropriation, embezzlement and financial irregularities for legal proceedings and dispute resolution.
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Banking
Concurrent
Concurrent Audit
Real-time, continuous transaction audit for scheduled commercial banks as mandated by the RBI — ensuring immediate detection of irregularities and compliance with banking norms.
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IS Audit
Information System Audit
Evaluation of IT controls, cybersecurity frameworks, data integrity and information systems governance to ensure accuracy, security and regulatory compliance.
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SEBI / CDSL
CDSL / SEBI
CDSL & SEBI Compliance Audit
Specialised compliance audit for CDSL Depository Participants, stock brokers and SEBI-registered entities — covering regulatory obligations, reporting and internal controls.
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Industries We Serve

Our audit and assurance expertise spans 12 industries — with a primary specialisation in banking, financial services and capital markets.

Primary
Banking & Financial Services
Scheduled banks, co-operative banks, RRBs — statutory audit, concurrent audit and IS audit specialists.
Primary
Stock Brokers & Depository Participants
SEBI-registered entities and CDSL Depository Participants requiring compliance and regulatory audits.
Primary
NBFCs & Microfinance Institutions
Non-banking financial companies and MFIs with RBI-mandated statutory and internal audit requirements.
Manufacturing
Production companies requiring statutory audit, cost audit and internal controls review for operational compliance.
Real Estate & Construction
Builders, developers and construction firms with complex revenue recognition, project accounting and statutory compliance needs.
Healthcare & Hospitals
Hospitals, clinics and healthcare institutions requiring statutory audit, internal audit and compliance reviews.
Education & Institutions
Schools, colleges, universities and educational trusts requiring statutory audit and fund utilisation reviews.
IT & Technology Companies
Software, SaaS and technology businesses requiring statutory audit, IS audit and internal controls assessment.
Retail & E-Commerce
Retail chains and online businesses requiring inventory audit, statutory audit and operational process reviews.
NGOs, Trusts & Societies
Charitable trusts, NGOs and societies requiring statutory audit and fund utilisation certification for donors and regulators.
Cooperative Societies
Housing, credit and multi-purpose cooperative societies with statutory audit requirements under the Maharashtra Cooperative Societies Act.
MSMEs & Startups
Growing businesses requiring statutory audit for compliance, investor due diligence and bank loan processing.
Why Choose Us

Why Businesses Trust CA Laxmikant and Associates

With over 12 years of audit experience across banking, financial services and diverse industries, we bring deep technical expertise, regulatory knowledge and an independent perspective to every audit engagement.

12+
Years of Audit Experience
200+
Audit Clients Served
12
Industries Covered
3
Office Locations
Banking & Regulatory Specialisation
Deep expertise in RBI-mandated concurrent audits, CDSL depository compliance audits and SEBI regulatory audits — specialisations that few CA firms offer. Our team understands the unique regulatory environment of the banking and capital markets sector.
ICAI Accredited & Independent
As an ICAI accredited Chartered Accountant firm, every audit engagement is conducted in strict compliance with Standards on Auditing (SAs) issued by ICAI — ensuring independence, objectivity and professional quality in every report.
IS Audit & Technology Expertise
Our Information System Audit team assesses IT controls, cybersecurity frameworks and data integrity — increasingly critical as RBI tightens IT governance norms for banks and financial institutions.
Timely Delivery & Clear Reporting
We are committed to completing audit engagements within agreed timelines. Our audit reports are clear, structured and actionable — providing management with meaningful insights beyond mere regulatory compliance.
Dedicated Audit Team — Pune, Mumbai, Nashik
With offices in Pune, Mumbai and Nashik, we serve clients across Maharashtra and beyond. Our dedicated audit team brings industry-specific knowledge and hands-on experience to every engagement — no outsourcing, no junior-only teams.

Our Audit Engagement Process

A structured, transparent and professionally managed audit process — from initial scoping to final report delivery and follow-up.

Engagement Scoping
Define audit objectives, scope, timeline and team. Understand the client's business, industry and regulatory environment.
Audit Planning
Assess risk areas, design audit procedures and prepare the audit plan aligned with applicable Standards on Auditing (SAs).
Fieldwork & Testing
Examine financial records, test internal controls, gather audit evidence and verify transactions through substantive procedures.
Reporting & Review
Draft audit findings, review with management, finalise the audit report and issue the independent auditor's opinion.
Follow-up & Compliance
Support management in addressing audit observations, implementing recommendations and ensuring full regulatory compliance.

Frequently Asked Questions

Answers to the most common questions about audit and assurance services in India.

What is the difference between a statutory audit and an internal audit?
A statutory audit is a legally mandated independent examination of a company's financial statements, required under the Companies Act, 2013 or other applicable laws. It is conducted by an external CA firm and results in an auditor's opinion on the truth and fairness of the financial statements. An internal audit, on the other hand, is an independent assessment of internal controls, risk management and operational processes — conducted either by an internal team or an external CA firm appointed by management. It is not legally mandated for all entities but is highly recommended for operational improvement and governance.
Which companies are required to get a statutory audit done in India?
Every company registered under the Companies Act, 2013 — regardless of size or turnover — is required to conduct a statutory audit annually. This includes private limited companies, public limited companies, one person companies and section 8 companies. LLPs with turnover exceeding ₹40 lakhs or capital contribution exceeding ₹25 lakhs are also required to get audited. Additionally, banks, NBFCs and other regulated entities have audit requirements under their respective regulatory frameworks.
What is a concurrent audit and who requires it?
A concurrent audit is a real-time, continuous examination of financial transactions as they occur — rather than at the end of the financial year. It is mandated by the Reserve Bank of India (RBI) for scheduled commercial banks and large bank branches based on business volume thresholds. The concurrent auditor reviews daily transactions, loan disbursals, KYC compliance, cash management and other banking operations on an ongoing basis — ensuring immediate detection of irregularities before they escalate.
What is a CDSL audit and when is it required?
A CDSL audit is a compliance audit required for Depository Participants (DPs) registered with the Central Depository Services Limited (CDSL). DPs — which include stock brokers, banks and financial institutions providing demat account services — are required to undergo periodic internal audits as prescribed by CDSL and SEBI regulations. The audit covers DP operations, client account management, compliance with CDSL bye-laws, record keeping and reporting obligations. Our firm specialises in conducting CDSL DP audits for registered participants.
What does an Information System (IS) audit cover?
An Information System (IS) audit is an evaluation of an organisation's IT infrastructure, controls, cybersecurity posture and information governance. It covers areas such as IT general controls, application controls, data integrity, access management, business continuity and disaster recovery, and cybersecurity framework assessment. IS audits are increasingly important as RBI has issued detailed guidelines on IT governance for banks and financial institutions. Our IS audit team assesses compliance with regulatory IT frameworks and identifies vulnerabilities before they result in breaches or operational failures.
How is a forensic audit different from a regular audit?
A regular audit provides an opinion on whether financial statements are free from material misstatement — it is not designed to detect fraud. A forensic audit, however, is specifically conducted to investigate suspected fraud, financial irregularities, misappropriation, embezzlement or disputes. It involves detailed examination of transactions, tracing of funds, document analysis and may result in evidence admissible in legal proceedings. Forensic audits are typically commissioned by management, boards, lenders or regulatory authorities when there is reason to suspect financial misconduct.
How long does a statutory audit typically take?
The duration of a statutory audit depends on the size and complexity of the entity, the quality of books of accounts and the availability of required documents. For a small to medium company, a statutory audit typically takes 2 to 4 weeks from the date of commencement of fieldwork. Larger companies with multiple locations, complex transactions or significant related-party dealings may take 4 to 8 weeks or more. Our team works efficiently with management to complete the audit within agreed timelines without compromising quality.