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Statutory Audit
Statutory audit helps verify financial statements, records and compliance as required under applicable law. We support companies and eligible entities with audit planning, documentation, reporting and management communication.
Quick Clarity Before You Contact Us
Professional audit support focused on compliance, reporting and documentation.
Typical Timeline
1-3 weeks depending on books, records and audit scope.
Documents Needed
Books of account, ledgers, bank statements, invoices and statutory records.
Support Type
Audit review, documentation, reporting and compliance coordination.
Scope
What This Service Includes
Audit planning and document checklist
Review of books and financial statements
Verification of ledgers, invoices and bank records
Compliance review for applicable laws
Management queries and audit observations
Audit report and related documentation
Coordination for financial statement finalization
Documents
Documents Required
Exact documents may vary by case, but this checklist covers the common records usually needed.
PAN and Aadhaar of relevant persons
Basic contact and address details
Bank account details
Previous filings or registration documents, if available
Trial balance and ledgers
Bank statements and reconciliations
Sales and purchase invoices
Fixed asset register
Loan and investment documents
Tax and GST filings
Board minutes and statutory registers, if applicable
Important Information
Audit Applicability Basics
Audit applicability depends on entity type, turnover, contribution, borrowings and specific legal provisions.
Companies generally require statutory audit under company law.
Tax audit applicability is separate from statutory audit and should be checked independently.
Audit readiness improves when books, reconciliations and supporting documents are updated regularly.
Management should respond to audit queries with evidence and explanations.
Practical Guidance
Common Mistakes to Avoid
FAQ
Statutory Audit FAQs
Companies generally require statutory audit, but exact requirements should be reviewed based on entity facts.
Timeline depends on record quality, volume of transactions and management responses.
Yes, audit schedules and supporting documents can be coordinated.
No. They are different audits under different legal provisions.
Yes, observations are discussed with management for clarification and correction where appropriate.
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Book a consultation and get clear guidance on documents, timelines and next steps.