STATUTORY AUDIT

A Statutory Audit is a legally mandated audit of an entity’s financial statements, required by applicable statutes or regulatory authorities. It ensures that the financial records of the organization are accurate, complete, and compliant with the Companies Act, 2013, the Limited Liability Partnership Act, 2008, and applicable accounting and auditing standards.

Applicability Under The Companies Act, 2013

A Statutory Audit is a legally mandated audit of an entity’s financial statements, required by applicable statutes or regulatory authorities. It ensures that the financial records of the organization are accurate, complete, and compliant with the Companies Act, 2013, the Limited Liability Partnership Act, 2008, and applicable accounting and auditing standards.

Private Limited Companies

One Person Companies (OPC)

Public Limited Companies

Non-Profit Organizations

Nidhi Companies

Producer Companies

Note: The obligation to conduct a statutory audit is not dependent on turnover thresholds for companies. Even if the company is dormant or has no revenue, the statutory audit is still mandatory as per law

Areas of Practice: Our Expertise in Statutory Audits

Our firm adopts the latest risk-based audit approach, integrated with advanced analytical tools and audit software, enabling us to provide:

  • High-quality audit deliverables
  • Detailed management reports
  • Actionable insights for stakeholders
  • Strict compliance with statutory requirements

We have in-depth experience in conducting statutory audits across diverse organizational structures and industries.

We specialize in:

 Statutory Audits of Private Limited Companies

Comprehensive end-to-end audits in compliance with the Companies Act and applicable reporting standards.

 Statutory Audits of Public Limited Companies

Includes audits of listed and unlisted public companies, with strict adherence to SEBI and MCA guidelines.

 Statutory Audits of Limited Liability Partnerships (LLPs)

Expertise in both mandatory and voluntary audits tailored to the unique structure of LLPs.