A Statutory Audit is a legally mandated review of the accuracy of a company's or government’s financial statements and records. It ensures that the financial statements present a true and fair view of the entity's financial performance and are free from material misstatements. Our Statutory Audit service provides an independent examination of financial information to enhance the credibility and reliability of the financial reports.
Benefits
01
Legal Compliance
Ensure that your financial statements comply with statutory and regulatory requirements.
03
Error Detection
Identify and rectify any errors, omissions, or fraud in financial records.
02
Credibility Enhancement
Boost the confidence of investors, creditors, and stakeholders in your financial statements.
04
Transparency
Provide a transparent view of your company’s financial health to regulators and stakeholders.
05
Continuous Improvement
Gain insights into areas of improvement for internal controls and financial management.
What is the scope of a statutory audit?
"The scope includes examining financial statements, verifying compliance with accounting standards, assessing internal controls, and ensuring adherence to legal requirements."
How often should a statutory audit be conducted?
"Statutory audits are typically required annually for most companies, as per regulatory mandates."
Who requires a statutory audit?
"Statutory audits are mandatory for public and private companies, LLPs, and government organizations as per legal requirements."
How long does a statutory audit take?
"The duration depends on the size and complexity of the organization but generally ranges from 4 to 8 weeks."
Pricing
To get a detailed quote for our Statutory Audit services, please book a consultation for ₹1,500 through our advisory link. This consultation fee will be deducted from the final service cost if you proceed with the audit.