Independent Statutory Audit for Regulatory Compliance and Stakeholder Trust
Providing objective assurance on financial statements through rigorous audits mandated under Indian laws, enhancing credibility and confidence.
- Risk-based and standards-driven audit methodology
- Independent opinion on true and fair view of financial statements
- Internal financial controls evaluation & testing
- Comprehensive compliance with Companies Act requirements
Mandated Financial Statement Examination
A Statutory Audit is an independent examination of an entity's financial statements, required by statutes such as the Companies Act, 2013, for specified classes of companies in India. Our comprehensive audit services include:
Independent Opinion Formulation
Expressing an independent opinion on the true and fair view of financial statements.
Accounting Records Examination
Thoroughly examining records and evidence supporting financial statements.
Statutory Compliance Assessment
Assessing compliance with relevant statutory provisions and reporting requirements.
Indian Accounting Standards (Ind AS)
Ensuring financial statements comply with applicable reporting frameworks.
Internal Financial Controls Evaluation
Evaluating controls over financial reporting as mandated by law.
Auditor's Report Issuance
Providing detailed reports to shareholders on audit scope and opinions.
Financial Statement Credibility
Independent and rigorous examination that enhances stakeholder trust in financial statements and ensures compliance with statutory requirements.
Why Statutory Audit is Foundational
Beyond fulfilling a critical legal requirement, a robust statutory audit provides significant value to organizations:
- Stakeholder Confidence: Offers vital assurance to shareholders, lenders, investors, and regulators regarding financial statement reliability.
- Regulatory Compliance: Ensures adherence to mandatory requirements under the Companies Act, 2013 and other relevant regulations.
- Material Misstatement Detection: Identifies material misstatements in financial statements, whether due to error or fraud.
- Control Improvement Insights: Identifies weaknesses in internal financial controls, providing management with improvement opportunities.
- Management Decision Support: Provides reliable information for informed business decisions and strategy development.
- Financial Access Enhancement: Improves access to financing through enhanced credibility with banks and investors.
Our Risk-Based and Standards-Driven Audit Methodology
Understanding Your Business
Gaining a deep understanding of your entity, operating environment, industry dynamics, regulatory landscape, and relevant IT systems and processes.
Risk Assessment
Employing a rigorous risk-based methodology to identify and assess risks of material misstatement, focusing audit efforts on higher-risk areas.
Internal Controls Evaluation
Evaluating the design and testing the operating effectiveness of Internal Financial Controls over Financial Reporting (IFCoFR), as mandated by the Companies Act, 2013.
Substantive Procedures & Technology
Performing substantive analytical procedures and detailed tests while leveraging technology tools and data analytics to enhance audit efficiency, effectiveness, and insights.
Opinion Formulation & Communication
Gathering sufficient evidence to form an independent audit opinion, ensuring compliance with specific reporting requirements (including CARO), and maintaining clear communication throughout.
Ensure Compliance and Enhance Credibility with Statutory Audit
Our statutory audit services provide independent, objective assurance on your financial statements, helping you meet regulatory requirements while enhancing credibility with stakeholders and supporting informed business decisions.