Independent assurance you can present to shareholders, lenders & regulators.
A statutory audit is an independent examination of your financial statements, carried out because the law requires it — not because you chose it. Its purpose is to give an opinion on whether your financial statements present a true and fair view of your company's financial position, in accordance with applicable accounting standards and the Companies Act, 2013.
Beyond the legal obligation, a clean statutory audit report is often the single document your bank, investors, and regulators trust most. It converts your internal numbers into an externally verified, credible record that stakeholders can rely on.
Enquire About Statutory AuditStatutory audit isn't optional for most business structures in India. Here's who it applies to.
Every company registered under the Companies Act, 2013 — private limited, public limited, or a One Person Company — regardless of turnover, profit, or whether it has commenced business.
LLPs whose annual turnover exceeds ₹40 lakh, or whose partners' contribution exceeds ₹25 lakh, as prescribed under the LLP Act, 2008.
Banks, insurance companies, NBFCs and cooperative societies, as mandated by their respective sectoral regulators (RBI, IRDAI, and others), often with additional reporting requirements.
Any entity where lenders, investors, or a holding company require audited financial statements as a condition of funding or consolidation.
Having these ready before fieldwork begins keeps the audit on schedule.
A statutory audit run methodically, so nothing is missed and nothing drags on longer than it needs to.
The signed Independent Auditor's Report, ready to file and present to stakeholders.
Balance sheet, profit & loss, cash flow statement and notes to accounts, finalised.
Companies (Auditor's Report) Order reporting, where applicable to your company.
A candid note on observations and practical recommendations beyond the formal report.
Yes. Every company registered under the Companies Act, 2013 must have its accounts audited annually, regardless of turnover, profit, or whether it has started operations.
A statutory audit examines whether your financial statements present a true and fair view, under the Companies Act. A tax audit, under the Income Tax Act, separately examines compliance with tax provisions. Most companies above the tax audit threshold need both.
Typically 2 to 4 weeks from the start of fieldwork, depending on the size of the business and how ready your books and supporting documents are.
Independence rules generally require the statutory auditor to remain separate from the internal audit function for the same entity. We'll flag this during scoping if it's relevant to you.
Late or non-compliance can attract penalties under the Companies Act and complicate annual filings with the Registrar of Companies. We track your deadline and plan fieldwork well ahead of it.
Tell us your financial year-end and company size, and we'll propose a timeline.
