Statutory Audit

Accounting & Audit

Statutory Audit

Independent statutory audit of financial statements under the Companies Act, 2013 — providing a true and fair view opinion that satisfies shareholders, lenders, and regulators.

What is Statutory Audit?

A statutory audit is a legally mandated independent examination of a company's financial statements and accounting records. The auditor's opinion provides assurance to shareholders, lenders, and regulators that the financial statements present a true and fair view of the company's financial position and performance.

AccentTax Consulting conducts statutory audits with rigorous professional standards — combining substantive testing, analytical procedures, and internal control evaluation to deliver a high-quality audit opinion. Our audit approach is risk-based and efficient, minimising disruption to your operations while providing meaningful insights beyond mere compliance.

At a Glance

Who is this for

All Private Limited Companies, Public Limited Companies, and entities mandatorily required to have a statutory audit under the Companies Act or other applicable laws

Governed by

Companies Act, 2013 (Section 139–148) | Standards on Auditing (SA) issued by ICAI | Companies (Audit and Auditors) Rules, 2014

Estimated timeline

2–6 weeks depending on company size and complexity

Our fee

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Why Choose This Service?

Key advantages of engaging AccentTax Consulting for Statutory Audit.

Credible Financial Statements

Audited financials carry credibility with banks, investors, and regulators — essential for loans, funding, and tenders.

Risk-Based Approach

Our audit focuses on high-risk areas — reducing audit time while ensuring all material misstatements are identified.

Internal Control Insights

We identify weaknesses in internal controls and provide practical recommendations for improvement.

Management Letter

Detailed management letter with observations and recommendations — going beyond the audit report.

How It Works — Our Process

Simple, transparent, and fully managed by our team.

1

Audit Planning

We understand your business, assess risks, and plan the audit scope, materiality, and key audit areas.

2

Internal Control Evaluation

We evaluate the design and operating effectiveness of key internal controls over financial reporting.

3

Substantive Testing

Detailed testing of transactions, balances, and disclosures — including physical verification of assets and third-party confirmations.

4

Analytical Procedures

Ratio analysis, trend analysis, and comparison with industry benchmarks to identify unusual fluctuations.

5

Audit Completion

Review of subsequent events, going concern assessment, and finalisation of audit findings with management.

6

Audit Report & Management Letter

Issue of the Independent Auditor's Report and a detailed management letter with observations and recommendations.

We handle everything — you just provide documents.

Documents Required

Trial balance and general ledger
Financial statements (Balance Sheet, P&L, Cash Flow, Notes)
Bank statements and bank reconciliation statements
Fixed asset register
Debtors and creditors ledgers with ageing
Inventory records and stock statements
Loan agreements and charge documents
Board minutes and shareholder resolutions
GST returns and TDS returns for the year
Previous year audit report and management letter

Don't have all documents ready? Contact us — we'll guide you step by step.

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Estimated Timeline

2–6 weeks from receipt of complete documents | Audit report issued within 7 days of completion

Timely availability of books, records, and management for queries significantly reduces audit duration.

Professional Fee

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All fees exclude 18% GST. Transparent pricing, no hidden charges.

Frequently Asked Questions

Is statutory audit mandatory for all companies?
What is the difference between a statutory audit and a tax audit?
What is CARO 2020 and does it apply to my company?
How long does a statutory audit take?
Can the same CA firm do both bookkeeping and statutory audit?

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Ongoing internal audit to strengthen controls before statutory audit.

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Tax audit conducted alongside or after statutory audit.

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Audit-ready books maintained throughout the year.

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ROC Annual Filings

AOC-4 filing of audited financial statements with MCA.

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