Statutory Audit Built on Clarity, Independence & Depth
In a Better Regulated Global Financial Environment
A statutory audit is more than a compliance checkbox—it’s a credibility builder for investors, boards, and regulatory bodies. But conducting it without deep insight into your business operations can lead to delays, misreporting, and reputational risk.
At CA Lekshmi & Associates, we provide robust, timely, and sector-aware statutory audits in line with the Companies Act, Income Tax Act, and ICAI Standards on Auditing. Our audits go beyond reporting—we flag operational inefficiencies, recommend best practices, and ensure your books speak the truth.
From startups to large enterprises, we bring audit confidence backed by decades of domain expertise.
Our Statutory Audit Services Include
Audit Planning & Risk Assessment – Tailored audit programs based on your industry, operations, and financial controls
On-site & Remote Audits – Efficient execution based on your preferred mode and timeline
Compliance Checks – Companies Act, Income Tax, CARO, and related legal frameworks
Financial Statement Review – Balance sheet, P&L, cash flow, and notes to accounts
Audit Reports & Board Presentations – Clear, structured, and insight-rich reporting to management
Includes ROC & tax audit coordination, MCA filings, and investor-ready audit outputs.
Accuracy That Builds Trust. Audit That Adds Value
Statutory audits not only fulfill mandatory obligations but also signal good governance and financial discipline. A clean audit report enhances investor trust, loan eligibility, and long-term business value.
Methodical. Independent. Compliant.
Understanding Entity and Laws Applicable
Review business type, turnover, and legal audit requirements.Audit Planning & Materiality Assessment
Determine key financial areas and design audit plan accordingly.Testing of Transactions & Controls
Examine vouchers, ledgers, tax returns, and compliances.Drafting Observations & Review
Document discrepancies, if any, and seek clarifications.Final Report & Filing Support
Provide signed audit report with assistance in MCA/IT submissions.
Why You Need a Strong Statutory Audit
Startups Raising Funds
Clean audit reports improve credibility and attract investor confidence.
Growing Companies
Ensure all statutory thresholds and reporting standards are met.
Multi-Entity Corporates
Group audit planning that ensures consistency and consolidation accuracy.
LLPs & SMEs
Support for turnover-based mandatory audit requirements.
Statutory Audit FAQs
Common questions about income tax, compliance, and litigation support in India.
Who is required to get a statutory audit?
All companies registered under the Companies Act and LLPs/NGOs above threshold limits are required to undergo an audit.
Can my audit be remote?
Yes. We support hybrid and fully remote audits based on data availability and coordination preferences.
Will the audit include suggestions for improvement?
Yes. We offer management letters with observations, recommendations, and control insights.
How long does a typical audit take?
Depending on company size, 5–15 working days with timely documentation.
