Statutory Audit
The legally mandated audit of your financial records, run by a qualified Chartered Accountant, so your books get the true-and-fair opinion regulators and stakeholders require.
|800+ businesses served since 2020
A legal requirement, not a choice
A statutory audit is a legally mandated audit of your financial records, performed by a qualified Chartered Accountant or audit firm. Its job is to give a true and fair view of your company’s financial position and confirm you’re compliant with the regulations that apply to you.
We run the audit end to end and keep you compliant with the exact rules your entity type falls under.
- Private, public and one-person companies — mandatory regardless of turnover or profit
- LLPs above the turnover or capital contribution threshold set by law
- Banks and NBFCs, under RBI guidelines
- Trusts, societies and NGOs above the receipts threshold set by the Income Tax Act
Every entity type, its own rules
Companies Act, 2013
Every private limited, public limited and one-person company must be audited, tested against Indian Accounting Standards.
Threshold-based audit
LLPs above the turnover or capital contribution threshold set by law must undergo a statutory audit.
Sector-specific norms
Trusts, societies and NGOs above the applicable receipts threshold file the audit report the Income Tax Act requires.
Four steps to a filed audit report
Plan the audit
Scope the engagement to your entity type and the regulations that apply.
Test the books
Verify records against Indian Accounting Standards and the Companies Act.
Report findings
A clear audit opinion on your financial position, with any issues flagged.
File the report
We prepare and file the audit report on the timeline the law sets for your entity.
Questions companies ask first.
Do all companies need a statutory audit, regardless of size?
Yes. Under the Companies Act, 2013, every private limited, public limited and one-person company must be audited, regardless of turnover or profit.
When do LLPs need a statutory audit?
LLPs above the turnover or capital contribution threshold set by law must undergo a statutory audit. We confirm your exact position based on current figures.
Who is qualified to perform a statutory audit?
Only a qualified Chartered Accountant or a registered audit firm can perform a statutory audit and sign the audit report.
Tell us what you need.
A short call to understand where you stand and how we would run this for you. No obligation.
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