Audit readiness
Know what applies. Then know where you stand.
01 · How it works
Three steps. No rule you do not need.
01 · Applicability
Tell us what you are
Entity type, turnover, borrowings and group set-up decide which IA and IFC requirements apply to you.
02 · Readiness
Answer what applies
Up to 10 fixed-choice questions: a few about your company, then six on how your controls work today.
03 · Result
See one score
See whether internal audit and IFC reporting apply to you, and how ready you are for either. Share your details for a PDF with the gaps to close first.
About 5 minutes. Your answers stay in your browser unless you request the full report.
Indicative.
Not an opinion on your controls.
Indicative self-assessment. Applicability reflects the Companies Act, 2013, its rules and SEBI LODR as we understand them at the date of this tool, including the MCA exemption of 13 June 2017; amendments (such as the pending Corporate Laws (Amendment) Bill, 2026) may change it. It is not legal advice, an audit or an opinion on internal financial controls. Confirm applicability with your statutory auditor or company secretary.
Spotted an error: connect@dissent.one.
Questions
Straight answers.
- What does the IA and IFC readiness check tell me?
- It works out which internal audit and internal financial control requirements apply from your entity type, size and group set-up, then scores six readiness questions on how those controls are designed and evidenced today.
- When does internal audit under section 138 apply?
- Listed companies are always in scope. A private company is in scope at turnover of ₹200 crore or more, or bank borrowings of ₹100 crore or more. An unlisted public company is in scope at paid-up capital of ₹50 crore or more, turnover of ₹200 crore or more, bank borrowings of ₹100 crore or more, or deposits of ₹25 crore or more. A subsidiary of an Indian public company is treated as public. Section 138 does not apply to LLPs or branch offices.
- When must the auditor report on internal financial controls?
- Listed and public companies are in scope. A private company is exempt only when turnover is below ₹50 crore and total borrowings, including group loans, are below ₹25 crore, assuming no default in filing financial statements or annual returns with the Registrar. The board's report still comments on the adequacy of internal financial controls.
- Is this a legal opinion or an audit?
- No. It is an indicative self-assessment based on the Companies Act, 2013, its rules and SEBI LODR as understood at the date of the tool, including the MCA exemption of 13 June 2017. Confirm applicability with your statutory auditor or company secretary.
Talk through your result.
Peer to peer.
Thirty minutes on what applies to you, what your statutory auditor is likely to test, and a remediation sequence that fits your size.
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