Statutory Audit

Get Statutory Audits done for your Company, LLP, Proprietorship or Partnership.

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WHAT IS THE PURPOSE OF STATUTORY AUDIT?

The main purpose of statutory audit is to provide an independent, true and fair picture of the financial position of the Company to the shareholders.
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WHAT IS THE APPLICABILITY OF STATUTORY AUDIT?

1. For LLP: Statutory audit is applicable if turnover in any financial year exceeds Rs. 40 Lakhs or its contribution exceeds Rs. 25 Lakhs.
2. For Private Company/ Public Company: Mandatory irrespective of Turnover, profits etc. If the company is incurring loss even then statutory audit is required.

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WHO CAN BE APPOINTED AS STATUTORY AUDITOR?

A practicing chartered accountant or a Chartered accountant firm or LLP can be appointed as a statutory auditor of a company.

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    Documents Required For Statutory Audit

    • Invoices of Purchases and Sales during the year
    • Invoices of expenses incurred during the year
    • Credit Card Statements if Expenses are incurred by Directors on behalf on Company
    • Bank Statements from 1 April to 31 March for all bank accounts in the name of Company
    • Copy of GST returns filed (If Any)
    • Copy of TDS Challans Deposited (If Any)
    • Copy of TDS Returns filed (If Any)
    • Documentary Evidences regarding appointment/reappointment of an Auditor.
    • Last Years copy of Audited Balance sheet, profit & loss account , schedules, notes on accounts along with 3CA/3CB, 3CD & Audit Report
    • All statutory registers.
    • List of related party transactions if any.
    • Accounting data
    • Stock register if any.

    Process Involved

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    FAQs

    A company that has no accounting transactions for the financial year in question or has not started Business since its corporation

    A private company in the shares of which no beneficial interest is held directly or indirectly by any corporation and which has not more than 20 members OR Any private company, being a private company that is wholly-owned by the Government, which the Minister, in the national interest, declares by notification in the Gazetteto be an exempt private company

    Statutory Audit is Compulsory by law

    Following Documentary Evidences are require to be verify for A Statutory Audit opening balance verification vouching cash vouching bank vouching cash verification bank reconciliation statement purchase vouching sale vouching journal vouching

    statutory audit is an audit whcih is conducted by a person or a firm in whcih all the partners are member of ICAI and holding Certificate of practice, statutory auditor is basically responsible for reporting on mistakes , errors which they find during the course of audit.

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    Statutory Audit in Hanumangarh, Rajasthan

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    Statutory Audit in Haridwar, Uttarakhand

    Statutory Audit in Hassan, Karnataka

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    Statutory Audit in Khandwa, Madhya Pradesh

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    Statutory Audit in Kiphire, Nagaland

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    Statutory Audit in Kovilpatti, Tamil Nadu

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    Statutory Audit in Kurukshetra, Haryana

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    Statutory Audit in Kushinagar, Uttar Pradesh

    Statutory Audit in Kutch, Gujarat

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    Statutory Audit in Lakshadweep, Lakshadweep

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    Statutory Audit in Latur, Maharashtra

    Statutory Audit in Lawngtlai, Mizoram

    Statutory Audit in Leh, Jammu and Kashmir

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    Statutory Audit in Longleng, Nagaland

    Statutory Audit in Lower Subansiri, Arunachal Pradesh

    Statutory Audit in Lucknow, Uttar Pradesh

    Statutory Audit in Ludhiana, Punjab

    Statutory Audit in Lunglei, Mizoram

    Statutory Audit in Machilipatnam, Andhra Pradesh

    Statutory Audit in Madhubani, Bihar

    Statutory Audit in Madurai, Tamil Nadu

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    Statutory Audit in Mammit, Mizoram

    Statutory Audit in Mandi, Himachal Pradesh

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    Statutory Audit in Mandya, Karnataka

    Statutory Audit in Mangalore, Karnataka

    Statutory Audit in Manjeri, Kerala

    Statutory Audit in Mansa, Punjab

    Statutory Audit in Marigaon, Assam

    Statutory Audit in Mathura, Uttar Pradesh

    Statutory Audit in Mau, Uttar Pradesh

    Statutory Audit in Mavelikara, Kerala

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    Statutory Audit in Nalgonda, Telangana

    Statutory Audit in Namakkal, Tamil Nadu

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    Statutory Audit in North Cachar Hills, Assam

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    Statutory Audit in Peddapalli, Telangana

    Statutory Audit in Peren, Nagaland

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    Statutory Audit in Pilibhit, Uttar Pradesh

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    Statutory Audit in Poducherry (TN), Tamil Nadu

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    Statutory Audit in Poonch, Jammu and Kashmir

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    Statutory Audit in Proddatur, Andhra Pradesh

    Statutory Audit in Pudukkottai, Tamil Nadu

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    Statutory Audit in Pune, Maharashtra

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    Statutory Audit in Purulia, West Bengal

    Statutory Audit in Puttur, Karnataka

    Statutory Audit in Quilon, Kerala

    Statutory Audit in Raebareli, Uttar Pradesh

    Statutory Audit in Raichur, Karnataka

    Statutory Audit in Raigarh (CT), Chattisgarh

    Statutory Audit in Raigarh (MH), Maharashtra

    Statutory Audit in Raipur, Chattisgarh

    Statutory Audit in Rajahmundry, Andhra Pradesh

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    Statutory Audit in Rajkot, Gujarat

    Statutory Audit in Rajsamand, Rajasthan

    Statutory Audit in Ramanathapuram, Tamil Nadu

    Statutory Audit in Rampur, Uttar Pradesh

    Statutory Audit in Rampur Bushahr, Himachal Pradesh

    Statutory Audit in Ranchi, Jharkhand

    Statutory Audit in Rangat, Andaman and Nicobar

    Statutory Audit in Ratlam, Madhya Pradesh

    Statutory Audit in Ratnagiri, Maharashtra

    Statutory Audit in Reasi, Jammu and Kashmir

    Statutory Audit in Rewa, Madhya Pradesh

    Statutory Audit in Ri Bhoi, Meghalaya

    Statutory Audit in Rohtak, Haryana

    Statutory Audit in Rohtas, Bihar

    Statutory Audit in Ropar, Punjab

    Statutory Audit in Rudraprayag, Uttarakhand

    Statutory Audit in Rupnagar, Punjab

    Statutory Audit in Sabarkantha, Gujarat

    Statutory Audit in Sagar, Madhya Pradesh

    Statutory Audit in Saharanpur, Uttar Pradesh

    Statutory Audit in Saharsa, Bihar

    Statutory Audit in Salem East, Tamil Nadu

    Statutory Audit in Salem West, Tamil Nadu

    Statutory Audit in Samastipur, Bihar

    Statutory Audit in Sambalpur, Odisha

    Statutory Audit in Sangareddy, Telangana

    Statutory Audit in Sangli, Maharashtra

    Statutory Audit in Sangrur, Punjab

    Statutory Audit in Sant Kabir Nagar, Uttar Pradesh

    Statutory Audit in Sant Ravidas Nagar, Uttar Pradesh

    Statutory Audit in Santhal Parganas, Jharkhand

    Statutory Audit in Saran, Bihar

    Statutory Audit in Satara, Maharashtra

    Statutory Audit in Sawai Madhopur, Rajasthan

    Statutory Audit in Secunderabad, Telangana

    Statutory Audit in Sehore, Madhya Pradesh

    Statutory Audit in Senapati, Manipur

    Statutory Audit in Serchhip, Mizoram

    Statutory Audit in Shahdol, Madhya Pradesh

    Statutory Audit in Shahjahanpur, Uttar Pradesh

    Statutory Audit in Shimla, Himachal Pradesh

    Statutory Audit in Shimoga, Karnataka

    Statutory Audit in Shrawasti, Uttar Pradesh

    Statutory Audit in Sibsagar, Assam

    Statutory Audit in Siddharthnagar, Uttar Pradesh

    Statutory Audit in Sikar, Rajasthan

    Statutory Audit in Sindhudurg, Maharashtra

    Statutory Audit in Singhbhum, Jharkhand

    Statutory Audit in Sirohi, Rajasthan

    Statutory Audit in Sirsi, Karnataka

    Statutory Audit in Sitamarhi, Bihar

    Statutory Audit in Sitapur, Uttar Pradesh

    Statutory Audit in Sivaganga, Tamil Nadu

    Statutory Audit in Siwan, Bihar

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