Statutory Audit

Statutory Audit under Companies Act, 2013 and Limited Liability Partnerships

Applicability: Applicable to all Companies registered in India under the erstwhile Companies Act 1956 and Companies Act 2013 and Limited Liability Partnerships having turnover exceeding Rs 40 Lakhs or Contribution Rs.25 Lakhs.

We have in place, a sophisticated Management Software which enables us to work in a highly efficient manner and will help us in producing Quality service, thereby increasing the quality of the Statutory Audit provided by our firm.

This Software allots an Audit Job to our Qualified and Experienced Chartered Accountants and their assistants, who will be allotted standard time to work on the Statutory Audit, with a checklist and tailor made steps to perform audit of each client. The working papers will also be uploaded from time to time which is reviewed by the team head. This will not only make sure that Statutory Audit will be completed on a timely basis, but will also ensure that the Checklists and Steps will not let the quality to compromise.

Apart from this, we will be providing our clients a separate confidential Online Login Portal, where all the documents, work papers, status updates will be uploaded to the cloud and the client can easily track the status of the Audit work. This assures the Confidentiality and timely process of the Statutory Audit.

Purpose: As companies be it Private Limited or Public Limited are viewed as highest level of organized business structure in India, they are considered to be governed strict rules to ensure that stake holders interests are protected. Statutory Audit is required to assess whether company is compliant with applicable laws, rules and standards and its financial statements reflect true and fair view of financial position of the company