Assurance · Companies Act 2013
Statutory Audit
Services India.
NFRA-compliant statutory audit under Companies Act 2013 for private, public, and listed companies across India. IndAS and AS standards. CARO 2020. UDIN-signed by a named partner — every time.
500+
Statutory Audits
100%
NFRA Compliant
UDIN
Every Report
6
India Cities
What We Cover
Statutory Audit Scope.
IndAS / AS Standards
Audit under IndAS (IFRS-converged) for listed and large companies. Accounting Standards (AS) for SMEs and private companies. We apply the correct framework without confusion or a learning curve on your mandate.
CARO 2020 Reporting
Detailed reporting on all 21 CARO 2020 matters including loans, investments, fraud, and internal controls — mandatory for eligible companies under the Companies (Auditor's Report) Order.
IFC Evaluation (Sec 143)
Internal Financial Controls audit — design adequacy and operating effectiveness testing as required under Section 143(3)(i) of Companies Act 2013 for every eligible company.
NFRA Standards Compliance
All audit opinions follow Standards on Auditing (SAs) issued by ICAI and adopted by NFRA. Our firm is NFRA-registered with annual transparency reports filed on schedule.
UDIN on Every Report
Every audit report and certificate carries a valid UDIN (Unique Document Identification Number) from the ICAI portal — verifiable by any stakeholder or regulatory authority instantly.
Listed Company Audit
Quarterly and annual statutory audit for BSE/NSE-listed companies with 60-day filing timelines, SEBI LODR compliance, and EQCR (Engagement Quality Control Review) on every mandate.
Applicability
Who Needs Statutory Audit in India.
The statutory audit obligation applies to all companies incorporated under Companies Act 2013 regardless of turnover — there is no minimum threshold exemption.
Mandatorily Covered
- — Private Limited Companies (all sizes)
- — Public Limited Companies (listed & unlisted)
- — One Person Companies (OPC)
- — Section 8 / Non-Profit Companies
- — LLPs with contribution > ₹25L or turnover > ₹40L
- — Foreign subsidiaries and branch offices
Key Deadlines
- Sep 30AGM and audited accounts deadline for March year-end companies
- 60 daysListed company financial results filing with stock exchange
- Oct 31Tax audit report (Form 3CD) filing deadline
- Dec 31GSTR-9C (GST audit reconciliation) deadline
Specialist Sub-Pages
Statutory Audit — Detailed Guides.
Regulatory
NFRA Standards
National Financial Reporting Authority standards — applicability and compliance requirements for Indian audit firms.
Standards
IndAS Reporting
IFRS-converged Indian Accounting Standards — applicability, transition, and audit implications for Indian companies.
Controls
IFC Evaluation
Internal Financial Controls evaluation under Section 143(3)(i) — design and operating effectiveness testing.
Common Questions
Statutory Audit FAQ.
Yes. Every company registered under Companies Act 2013 — including small private limited companies — must have its accounts audited by a Chartered Accountant annually. There is no turnover or paid-up capital threshold that exempts a company from the statutory audit obligation. Only proprietorships and partnerships (non-LLP) are exempt.
Failure to hold the AGM or file audited accounts by the September 30 deadline attracts MCA penalties on the company and every officer in default — typically ₹1,000 per day of default up to ₹1 lakh. Non-filing of annual returns (MGT-7) and financial statements (AOC-4) triggers additional late fees of ₹100 per day. SEBI can levy additional penalties on listed companies for delayed financial disclosures.
Yes. We operate from two offices in Telangana — Hyderabad (HQ) and Bhongir — and we take on statutory audit mandates nationally. Our audit teams travel to the client's premises for fieldwork regardless of location. We have completed audits across Telangana, Andhra Pradesh, Maharashtra, Karnataka, and the NCR region.
CARO 2020 (Companies (Auditor's Report) Order) requires auditors to comment on 21 specified matters — including loans, investments, internal controls, fraud reporting, and registration. It applies to all companies except banking, insurance, OPCs, small companies, and private companies with paid-up capital + reserves below ₹1 crore, loans below ₹1 crore, and turnover below ₹10 crore.
Appoint your statutory auditor today.
Hyderabad HQ: +91 94922 01497