Every company incorporated in India is required to undergo an independent audit conducted by a Chartered Accountant. This applies universally—whether listed or unlisted, owned by foreign nationals, or subsidiaries of foreign companies. The financial year runs from April 1 (or the date of incorporation during the year) to March 31, and businesses must maintain proper records, report, and disclose their results in accordance with statutory standards and regulatory requirements within the mandated timelines.
Beyond companies, Trusts, Societies, Partnership Firms, and individual businesses are also governed by specific laws that require independent audits.
At Triarc Consulting, we specialize in carrying out independent statutory audits and tax audits for such entities. Our team is deeply familiar with the applicable laws and standards, ensuring compliance and accuracy at every stage.
The Companies Act, 2013 further mandates that businesses crossing certain thresholds must conduct internal audits. Internal audit, being a key component of Governance and Risk Management, evaluates the operations of an enterprise and brings in a structured approach to strengthening controls, improving governance, and mitigating risks—though the scope may be shaped by Management’s mandate.
At Triarc Consulting, we provide internal audit services to both listed and unlisted entities. Our audits are risk-based, analytics-led, and technology-enabled, guided by the standards of both The Institute of Internal Auditors, USA and the Institute of Chartered Accountants of India. Our team includes members with extensive experience, including senior voluntary positions within the Indian affiliate of The Institute of Internal Auditors, USA.
Statutory Audits
Internal Audits
Internal Financial Controls (IFC) and related reviews
Income Tax Audits
GST Act – Section 9C Audits
Transfer Pricing Audits
When a business acquires financial assets or assumes liabilities linked to underlying variables, proper recognition, accounting treatment, fair value measurement, and disclosure demand careful analysis.
For businesses operating across geographies, multiple accounting frameworks may apply. Inter-unit transactions often fall under related-party rules, and consolidation requires consistency, clear baselines, and transparent disclosure of differences.
Compliance with Indian and International Accounting Standards, reporting norms, and regulatory disclosures calls for rigor, judgment, and transparency. We simplify this through framework implementation, interpretation, compliance support, and training.
As businesses grow, consistent processes and procedures become essential—not only for efficiency but also for reliable reporting and comparability. Consistency enables automation and clarity. We help organizations build Accounting and Procedure Manuals, enriched with best practices drawn from diverse industries.
Services include:
Businesses today face risks across strategy, finance, law, politics, geography, competition, and regulation. Identifying, assessing, and prioritizing these risks—and setting clear responses aligned with the organization’s appetite—is no longer optional; it is essential.
Under the Companies Act, 2013, Directors are accountable for ensuring robust and defensible Risk Management systems, regular evaluations, and transparent reporting. SEBI’s listing requirements further mandate formal frameworks and periodic reviews of risks and controls.
The best approach is an Enterprise Risk Management (ERM) program—now expanded to include ESG (Environment, Social, Governance)—that systematically identifies, mitigates, monitors, and reports risks. Many organizations appoint a Chief Risk Officer to lead this effort. Our team has deep experience, having supported India’s first Nasdaq-listed client with Sarbanes-Oxley compliance in 2006, pioneering the use of risk-based approaches in internal audits and governance.
In today’s digital commerce era, fraud risk is another critical challenge. We help organizations design and implement Fraud Risk Management systems that prevent, detect, and respond swiftly to threats. With Certified Fraud Examiners on our team, we deliver robust strategies that deter fraudsters, raise awareness, and conduct forensic audits where misconduct is uncovered—providing evidence admissible in court.
Equally vital is Compliance Risk Management. Non-compliance not only damages reputation but undermines stakeholder trust. We design frameworks to identify vulnerabilities, provide early warning systems, and monitor adherence to laws and regulations. We also conduct one-time Compliance Health Checks, evaluating regulatory positions and ongoing or anticipated litigation risks.
Our Services
Risk Management Framework
ESG Consulting
Fraud Risk Management
Compliance Risk Management
Management Consulting
A well-designed tax strategy is a critical driver of business success. Our approach ensures structures that comply with the law while optimizing tax incidence for sustainable growth.
When expansion crosses borders, factors such as capital pooling, tax treaties, transfer pricing, and foreign exchange controls must be carefully addressed. For domestic growth, tax costs, input credits, concessions, and value-creation processes demand thorough analysis. Our extensive experience across diverse enterprises allows us to deliver tailored, practical solutions for both emerging and established businesses.
For family-owned enterprises, questions of succession, wealth management, tax efficiency, and global mobility take center stage. We work closely with families to align business structures with ambitions, emotions, and long-term aspirations for future generations.
Our Services
Inbound, Outbound & Supply Chain Structuring
Tax Anchor Support
Contract Negotiations
Health Checks
Government Representations
Tax Manuals & Implementation Support
Training Programs
Price Setting Exercises
Business Model Design & Evaluation
Internal Reorganization