About this Service
A corporate statutory audit is a legally mandated review of the accuracy of a company's financial records. Under the Companies Act of 2013, all Private Limited companies must have their books audited annually by an independent Chartered Accountant. Similarly, under Section 44AB of the Income Tax Act, businesses whose turnover exceeds specific thresholds (generally ₹10 Crores for digital transactions or ₹2 Crores for cash transactions) must undergo a Tax Audit to verify correct tax declarations. Our CA partner network compiles audit logs, runs ledger checks, and issues official audited reports containing the necessary Unique Document Identification Number (UDIN).
Key Benefits of statutory Audits
- Absolute Legal Compliance: Avoid heavy default notices, court prosecution, and strike-off actions by keeping your filings current.
- Enhanced Funding Credibility: Banks, credit rating agencies, and venture investors demand audited statements before approving loans or venture checks.
- Internal Control Checks: Professional review helps discover accounting errors, leaks, or inventory issues, streamlining startup capital.
Documents Checklist Required
Prepare the following documents to share with the audit desk:
- Complete Ledger Statements and Trial Balance sheets
- Bank Statements along with year-end reconciliation statements
- Purchase ledgers matching GSTR-2B logs
- Sales invoice books showing billing breakdowns
- Physical inventory valuation logs (if selling physical stocks)
- Fixed Assets register detailing depreciation assets
Step-by-Step Audit Process
Audit Planning & Scope (Day 1)
We analyze the company's transaction volume and establish the scope of audit files.
Vouching & Accounts Check (Day 2-3)
CAs verify sales/purchase transactions against vouchers, bank logs, and TDS files.
Draft Compilation (Day 4)
We prepare the draft balance sheet and P&L statements with notes on accounts and schedules.
UDIN Generation & Sign-off (Day 5 onwards)
The CA partner signs off on the audit reports, generates the mandatory UDIN, and submits Form 3CA/CB-CD on the tax portal.
Select Pricing Package
Basic
+ Government Fees
(GST Excluded)
- Company name help
- SPICe+ form in 2-3 working days
- Company PAN + TAN
- MOA + AOA
- PF and ESIC registration
- Incorporation certificate in 10-12 days
- DSC preparation in 3-4 days
- DIN for directors
- Expert assisted process
- INC 20A / Business commencement certificate
- MSME Registration
- Digital signature certificate
- Startup India Registration
- Company DSC
- Trademark Registration
- Pitch Deck
Standard
+ Government Fees
(GST Excluded)
- Company name help
- SPICe+ form in 2-3 working days
- Company PAN + TAN
- MOA + AOA
- PF and ESIC registration
- Incorporation certificate in 10-12 days
- DSC preparation in 3-4 days
- DIN for directors
- Expert assisted process
- INC 20A / Business commencement certificate
- MSME Registration
- Digital signature certificate
- Startup India Registration
- Company DSC
- Trademark Registration
- Pitch Deck
Premium
+ Government Fees
(GST Excluded)
- Company name help
- SPICe+ form in 2-3 working days
- Company PAN + TAN
- MOA + AOA
- PF and ESIC registration
- Incorporation certificate in 10-12 days
- DSC preparation in 3-4 days
- DIN for directors
- Expert assisted process
- INC 20A / Business commencement certificate
- MSME Registration
- Digital signature certificate
- Startup India Registration
- Company DSC
- Trademark Registration
- Pitch Deck
Frequently Asked Questions (FAQ)
The mandate for Audit Services depends on company size, entity type (LLP, Pvt Ltd), or annual turnover. For example, all Pvt Ltd companies must do ROC audits annually, while tax audits apply only if turnover crosses threshold limits.
A standard Audit Services takes 5 to 15 working days, depending on the complexity of transactions, ledger accuracy, and document availability. We assign dedicated auditing CAs to expedite the reporting.
Failing to comply leads to daily fines (e.g., ₹100/day per form), active disqualification of directors, legal prosecution by the MCA, and eventual strike-off of the company from the registry.
You need to prepare ledger books, bank statements, purchase invoices, sales registers, GST/TDS returns filed, and year-end inventory valuation sheets. Our audit desk provides a structured checklist for easy preparation.
Our network of qualified Chartered Accountants and Company Secretaries handles the entire audit process — from transaction sampling and ledger checks to compilation of balance sheets, UDIN generation, and final portal sign-offs.