Statutory Audits under Companies Act
A statutory audit is a mandatory financial examination required under the Companies Act, 2013 for companies registered in India. It ensures that a company’s financial statements are accurate, reliable, and compliant with regulatory frameworks. Statutory audits are critical for maintaining transparency in financial reporting and upholding stakeholder trust.
We adopt a meticulous approach to statutory audits, blending regulatory compliance with a deep understanding of your business operations. Our audit methodology is designed not only to meet legal requirements but also to identify gaps in internal controls and highlight areas of financial or operational risk.
Our statutory audit services cover a wide spectrum from verifying the authenticity of financial records and transactions to ensuring compliance with applicable accounting standards and auditing guidelines issued by ICAI. We work closely with client management teams to ensure accurate financial disclosures that reflect the true financial position of the organization.
With over 35 years of audit experience and empanelment with RBI, CAG, and leading banks, we ensure a smooth, efficient, and value-added statutory audit process. Our goal is to not only ensure compliance but also provide actionable insights that strengthen financial governance and foster stakeholder confidence.
Frequently Asked Questions (FAQs)
A statutory audit is a mandatory audit of a company’s financial statements, conducted to ensure accuracy and compliance with the Companies Act, 2013 and other regulatory requirements.
All companies registered under the Companies Act, including Private Limited, Public Limited, Section 8 Companies, and LLPs (above threshold limits), must undergo a statutory audit annually.
Only a practicing Chartered Accountant or a CA Firm holding a valid Certificate of Practice (COP) and meeting Companies Act eligibility criteria can be appointed as a statutory auditor.
Primary documents include financial statements, ledgers, invoices, tax returns, bank statements, board meeting minutes, compliance reports, and other statutory records.
Audit & Assurance
- Statutory Audits (Companies Act)
- Internal Audits
- Tax Audits (Income Tax Act)
- Bank Audits (Statutory & Concurrent)
- Forensic Audits
- Management/Operational Audits
- Stock Audits
- Due Diligence Reviews
- System & Process Audits
- ESG/CSR Audits
- Trust & NGO Audits
- Startup Audits
- Municipal Corporation Audits
- CAG Audits
- PSU Audits
- Social Audits (MNREGA, etc.)
- Autonomous Body Audits
- Co-operative Society Audits
- Parliament-tabled Audit Reports
- PSE Audits
CA. Dhiraj Jain
Let's Talk
Reach out to our team we’re here to assist you with audit, tax, and advisory solutions.
