Statutory Audit for Company
Are you looking for Statutory Audit for Company ? This audit, required by the Companies Act, ensures your financial statements are accurate and fair. Conducted by Chartered Accountants, it reviews key financial documents, checks internal controls, and identifies discrepancies. We also provide CA certificates to confirm the accuracy and compliance of your financial records. Whether you run a small firm or a large company, a Statutory Audit is essential for trust and growth. We provide certificate services across India. Contact us for more details.
How to Register for Statutory Audit Compliance?
CA Statutory Audit
If you’re a company in India, you need to submit a Statutory Audit report annually to the Registrar of Companies (ROC), as per the Companies Act, 2013. Even if your company hasn’t had financial transactions, this audit by a Chartered Accountant (CA) is mandatory. We provide comprehensive audit services for all types of companies, ensuring that your financial statements are accurate and meet legal requirements.
Our experienced auditors review your compliance with accounting standards, Companies Act regulations, and other laws like tax and labor laws. We thoroughly check your financial statements, assess internal controls, and ensure everything meets legal standards. Choosing our services enhances your company’s credibility and transparency.
Our auditors focus on providing detailed audit services tailored to your business needs. Contact us today for a consultation to learn more about how we can help your company maintain compliance and build trust.
Preparing Required Documents for Statutory Audit
A statutory audit is a required check of a company’s financial records to make sure everything is accurate and follows the law. Preparing properly helps the audit go smoothly and quickly.
Accounting Records of Company
- Accounting Records of Company
- Bank Statements
- Vouchers (Expense)
- Sales and Purchase Register
- GST Data
- TDS Data
- Final Account Statements
- Any Other Documents as asked by CA at the time of Audit
- Previous Year Annual Report (If Not First Year)
Private Limited Company Statutory Audit Package
We offer a Company Statutory Audit Combo Package for just ₹10,000, providing a comprehensive suite of services to ensure your business’s financial integrity and compliance.
Our package is designed to meet the unique needs of private limited companies, offering a complete solution for all your audit requirements.
How Statutory Audit is Used for CA Certificates?
A statutory audit is a required check of a company’s financial records by a Chartered Accountant (CA) to make sure they follow legal rules and standards. This audit confirms that the company’s financial statements are correct and comply with all laws.
- Legal Compliance:
Required annually by the Companies Act, 2013. - Financial Accuracy:
Ensures financial statements are correct and complete. - Internal Controls:
Evaluates and improves internal financial controls. - Stakeholder Trust:
Provides assurance to investors, creditors, and - Good Governance:
Promotes transparency and accountability. - Tax Compliance:
Ensures adherence to tax laws and avoids penalties. - Regulatory Filings:
Necessary for filings with the Registrar of Companies. - Decision Support:
Helps management make informed business decisions. - Market Credibility:
Enhances company credibility with stakeholders.
Key Requirements for Statutory Audit CA Certificate
For companies, a statutory audit by Chartered Accountants (CAs) ensures financial accuracy and compliance with the Companies Act of India.
- Annual Audit:
Every company in India must have a yearly audit of their financial statements. - Certified Auditor:
The audit must be done by an independent Chartered Accountant (CA). - Financial Check:
The CA reviews the company’s balance sheet, profit and loss statement, and cash flow to ensure they are accurate and fair. - Compliance:
The CA checks that the company follows all accounting standards and laws. - Internal Controls:
The auditor assesses the company’s internal processes to identify any weaknesses. - Audit Report:
After the audit, the CA prepares a report detailing their findings and submits it to the company and the Registrar of Companies (ROC). - CA Certificate:
The CA issues a certificate confirming the audit was done properly. This certificate is important for regulatory filings and boosts the company’s credibility with stakeholders.
How to Conduct an Statutory Audit for CA Certificate?
send us the required documents. We will analyze them and request additional documents if needed. Gather all necessary financial documents and submit them in PDF or Excel format.
A statutory audit checks if a company’s financial statements are accurate and meet legal standards, ensuring transparency and integrity (CAs) conduct the audit
After reviewing, we'll create a Query Report detailing issues, missing information, questions, and suggested solutions.
Once all questions are addressed, we'll complete the statutory audit report with our findings, solutions, and recommendations, and provide support for any inquiries from regulatory authorities
Purpose of a Statutory Audit Certificate
A statutory audit certificate is an official document issued by a Chartered Accountant (CA) that affirms the accuracy and compliance of a company’s financial statements with applicable laws and regulations. This certificate is crucial for several reasons:
1.Ensuring Legal Compliance:
The certificate provides assurance that the company adheres to all relevant legal and regulatory requirements, minimizing the risk of penalties and legal challenges.
2.Verifying Financial Accuracy:
It confirms that the financial statements present a true and fair view of the company’s financial position, enhancing the reliability of financial reporting.
3.Enhancing Stakeholder Confidence:
The certificate fosters trust and confidence among stakeholders, including investors, creditors, and regulatory bodies, by demonstrating transparency and accountability in financial management.
4.Facilitating Business Transactions:
It serves as a critical document for securing financing, participating in tenders, and attracting investors, providing proof of the company’s financial integrity.
5.Supporting Strategic Decision-Making:
The certificate equips management with accurate financial insights, aiding in strategic planning and informed decision-making.
6. Boosting Credibility and Reputation:
Possessing a statutory audit certificate enhances the company’s credibility and reputation, showcasing a commitment to ethical business practices and compliance.
Statutory Audit Certificate
FAQs: Statutory Audit Basics
A statutory audit is a mandatory check of a company’s financial records by an independent Chartered Accountant (CA) to ensure they are correct and follow legal rules.
A statutory audit is performed by a qualified Chartered Accountant (CA) who is independent of the company. This ensures an unbiased review of the financial records.
A statutory audit is a required external audit done by an independent CA to check legal compliance, while an internal audit is a voluntary internal review to improve operations.
The tax audit report under Section 44AB needs to be submitted one month before the due date for filing Income Tax Return, i.e. September 30th.