Statutory Audit Services in India
What is a Statutory Audit?
- All Private Limited and Public Limited Companies
- LLPs with turnover above ₹40 lakh or capital above ₹25 lakh
- Trusts, Societies, and NGOs under various laws
Documents Required for Statutory Audit
✅ Audited Financial Statements (Balance Sheet, P&L)
✅ Books of Accounts (Sales, Purchases, Ledger, etc.)
✅GST, TDS, and Income Tax Returns
✅Bank Statements and Reconciliation
✅MOA, AOA or LLP Agreement / Partnership Deed
Statutory Audit Services in India
A Statutory Audit is a mandatory audit of a company’s financial records to ensure accuracy and compliance with applicable laws. At Aadesh Kumar & Associates, we offer comprehensive statutory audit services conducted by qualified Chartered Accountants. With over 13+ years of experience, we help businesses maintain trust, legal standing, and financial discipline.
A Statutory Audit is an audit mandated by law, generally conducted under the Companies Act, 2013, Income Tax Act, or other applicable statutes. It ensures that the financial statements of a company give a true and fair view of its financial position.
It is mandatory for:
All Private Limited and Public Limited Companies
LLPs with turnover above ₹40 lakh or capital above ₹25 lakh
Trusts, Societies, and NGOs under various laws
Other businesses as per specific government requirements
FAQs – Statutory Audit in India
Q. Is statutory audit mandatory for all companies?
Yes, all companies registered under the Companies Act must undergo a statutory audit annually.
Q. Who can conduct a statutory audit?
Only a Chartered Accountant or a CA firm registered with ICAI.
Q. Is there any turnover limit for statutory audit?
For companies, it’s mandatory regardless of turnover. For LLPs, turnover must exceed ₹40 lakh or capital must exceed ₹25 lakh.
Q. What is the penalty for not conducting a statutory audit?
Non-compliance can attract heavy penalties, disqualification of directors, and legal action under the Companies Act.
