Statutory Audit for Companies
Every company registered under the Companies Act, 2013 is required to conduct a Statutory Audit annually. We perform independent audits of financial statements to ensure compliance with legal requirements, accounting standards, and regulatory frameworks. Our audit provides an unbiased assessment of a company’s financial health, instilling trust among stakeholders, investors, and regulators.
Why This Service Matters
- Mandatory for companies under Companies Act.
- Builds credibility with investors, banks, and government authorities.
- Ensures compliance with statutory laws and regulations.
- Identifies gaps in financial records and strengthens reporting.
- Improves overall transparency and accountability.
Who appoints the statutory auditor of a company?
The statutory auditor is usually appointed by the company’s shareholders at the AGM.
Is statutory audit required for small companies also?
Yes, all companies incorporated under the Companies Act must conduct statutory audits, regardless of size.
What documents are required for a statutory audit?
Financial statements, ledgers, bank records, invoices, statutory registers, and board resolutions.
Can statutory audits be done remotely?
Yes, much of the process can be managed online with proper document sharing and digital records.
What happens if a company fails to conduct a statutory audit?
It can result in penalties, disqualification of directors, and loss of credibility with stakeholders.