Statutory audits are conducted in accordance with the Companies Act, 2013 and Standards on Auditing issued by the Institute of Chartered Accountants of India. We act as the statutory auditors of Public Limited Companies, Private Limited Companies ,Limited Liability Partnership (LLP), Partnership Firms, Charitable Trusts & Institutions, Societies, Clubs, Educational Institutions etc. It is mandatory for a company in India to get the Statutory Audit of its financial statements done according to the provisions of Companies Act 2013.
The Board of Directors of a Company are required by law to appoint an Auditor within 30 days of incorporation and thereafter conduct an audit of its financial statements each financial year. The accounts of a Limited Liability Partnership (LLP) must be audited if it has an annual turnover of Rs.40 lakhs or more or Rs.25 lakhs or more capital contribution.
Our Key Deliverables
1. Statutory Auditors' Report
2. Report under Companies (Auditor’s Report) Order (“CARO”), 2016
3. Report on Internal Financial Controls Over Financial Reporting (IFCFR).