🎉 Free business consultation this month — limited slots available! Book Now

Allied Business Consultancy
Get A Quote
Audit & Assurance

Statutory Audit Services

The audit your company must have — done rigorously, without drama. Our audit team plans early, works around your staff, and delivers a clean, on-time statutory audit with every Companies Act reporting requirement covered.

Companies Act Compliant Experienced CA Team AGM-Deadline Safe
Audit Plan & Checklist Shared
Vouching & Verification Done
CARO Points Cleared
Audit Report Signed!
Quick Overview

Understand It in 30 Seconds

What is a statutory audit?

The independent examination of a company's financial statements required by the Companies Act, 2013 — an auditor's opinion on whether they show a true and fair view of the business.

Who requires it?

Every company registered in India — private or public, profitable or not, from day one. LLPs join the club once turnover crosses ₹40 lakh or contribution crosses ₹25 lakh.

Why does it matter?

Beyond being mandatory, the audit is your credibility document: banks lend against it, investors diligence it, and the ROC expects it with your annual filing. A messy audit trails the company for years.

Key Benefits

What a Well-Run Statutory Audit Delivers

Regulatory Compliance

Companies Act, CARO 2020 and auditing standards — every reporting box ticked, on time.

Lender Confidence

Audited financials are the first document every bank and NBFC asks for.

Errors Caught Early

Misstatements, reconciliation gaps and control weaknesses surface before regulators find them.

Investor-Grade Credibility

Clean audit opinions speed up due diligence for funding and acquisitions.

Stakeholder Assurance

Shareholders, vendors and large customers trust numbers an independent auditor has signed.

Better Discipline

The annual audit cycle forces reconciliations and documentation hygiene year-round.

Applicability

Who Requires a Statutory Audit?

Every Company

Private limited, OPC, public limited and Section 8 — mandatory regardless of turnover or profit.

LLPs Above Thresholds

Turnover over ₹40 lakh or partner contribution over ₹25 lakh triggers the LLP audit.

From the First Year

Even a company with zero revenue must be audited before its first AGM and ROC filings.

Auditor Appointment Rules

First auditor within 30 days of incorporation; appointments filed with the ROC in Form ADT-1.

Audited financials feed your AGM, AOC-4 and MGT-7 deadlines — a late audit cascades into ROC penalties.
Documents Required

Keep These Ready

Books of Account
ledgers, trial balance and software backup
Draft Financials
or we prepare them alongside the audit
Bank Statements
with year-end balance confirmations
Inventory Records
closing stock statements and valuation
Fixed Asset Register
additions, disposals and depreciation
Statutory Payment Proofs
GST, TDS, PF/ESI challans and returns
Legal & Secretarial
minutes, registers and prior-year audit report
Balance Confirmations
from major debtors, creditors and lenders
How It Works

The Audit in 5 Structured Steps

Start before year-end closes — early planning is what keeps audits painless

01

Planning & Scoping

Business understanding, materiality and a documents checklist upfront.

02

Controls Review

Key processes and internal controls are walked through and tested.

03

Substantive Testing

Vouching, verification, confirmations and analytical review of balances.

04

Findings & Adjustments

Observations discussed; adjustment entries and CARO points resolved.

05

Reporting

Audit report with CARO annexure signed, UDIN generated — AGM ready.

Why Allied Business

Registration, Minus the Headache

Experienced Professionals

Chartered Accountants & Company Secretaries handle your filing.

Transparent Pricing

One fixed fee agreed upfront — no hidden charges, ever.

Fast Processing

Same-day document processing and proactive follow-ups.

Expert Support

A dedicated expert answers your questions at every step.

End-to-End Assistance

From application to post-registration compliance calendar.

Get a Free Consultation

Speak to a registration expert — free, no obligations.

Frequently Asked Questions

Yes — every company must be audited under the Companies Act regardless of size, turnover or activity. Even a dormant company files audited financials.

Before your AGM (due by 30 September for most companies), since audited financials must be adopted there and filed with the ROC in AOC-4 within 30 days of the AGM.

Only a practising Chartered Accountant or CA firm, independent of the company. The appointment is formalised in Form ADT-1 filed with the ROC.

The Companies (Auditor's Report) Order 2020 adds detailed reporting on loans, assets, defaults and more. It applies to most companies above small thresholds — we confirm applicability during planning.

Issues are first discussed with management for correction. Unresolved material issues are reflected as qualifications in the report — our early-start approach exists precisely to fix things before that stage.

For a typical SME, two to four weeks from complete books — faster when records are clean. Listed and larger entities follow a phased quarterly rhythm.

The company faces fines starting at ₹25,000 (up to ₹5 lakh) and officers face personal fines; unaudited ROC filings are simply not accepted, compounding annual-filing penalties.

Independence rules separate the roles: where we audit, statements come from your team (we guide format); where we prepare statements, we coordinate with an independent auditor. Either way, one of our teams keeps it seamless.

Ready for a Painless Statutory Audit?

Early planning, clear checklists and an on-time signed report.