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Audit

Statutory Audit

An independent audit conducted by a qualified Chartered Accountant, exactly as the Companies Act requires.

Overview

What is Statutory Audit?

A statutory audit is a mandatory, independent examination of your company's or LLP's financial statements, required regardless of size or turnover for companies, and above prescribed limits for LLPs. Our audit team follows applicable Standards on Auditing to review your books, verify compliance, and issue a signed audit report.

We work closely with your accounting team throughout the year to keep the year-end audit smooth rather than a last-minute scramble.

Benefits

Why it's worth getting right

Independent, qualified sign-off

Reports signed by a practicing Chartered Accountant.

Compliance assurance

Confirms your financials meet applicable accounting standards.

Operational insights

Audit observations often reveal process improvements worth making.

Timely completion

Planned well ahead of your ROC filing deadline.

Who needs this

Built for

All private limited companies LLPs above threshold OPCs Section 8 companies
Required documents

What you'll need to share

Trial balance & ledgers
Bank statements
Fixed asset register
Statutory registers
Previous audit report
Board resolutions for the year
Our process

How we take it from here

  • Audit planning

    We understand your business and design an audit approach.

  • Fieldwork & testing

    Transactions, balances and controls are tested.

  • Query resolution

    Observations are discussed and clarified with your team.

  • Draft report shared

    A draft audit report is shared for review.

  • Final report issued

    The signed statutory audit report is delivered.

Timeline

Estimated turnaround

Document review3–5 working days
Preparation & filing5–7 working days
Acknowledgement2 working days
Total turnaround 10–14 days
Pricing

Custom quote based on turnover

Pricing depends on transaction volume and entity complexity — request a quote.

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FAQ

Common questions

Yes, every private limited company must undergo a statutory audit regardless of turnover or profit.

Ideally right after your financial year closes, so filings aren't delayed.

Statutory audit is a mandatory annual requirement for regulatory compliance; internal audit is a broader review of processes and controls, often done more frequently.
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