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Statutory Audits Services

In India, statutory audits are mandated by various regulatory bodies, including the Reserve Bank of India (RBI), Income Tax Department, and Companies Act, 2013. These laws define the requirement, scope, and provisions for conducting statutory audits to ensure financial transparency and legal compliance.

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Statutory Audits of Companies:

Ensure Companies Act 2013 compliance with our expert company audit services. We conduct audits as per CARO regulations & Ind-AS applicability for listed & unlisted companies.

Under the Companies Act 2013, every company in India must have its financial statements audited by a practicing Chartered Accountant (CA). This process, known as a Company Audit, ensures transparency, compliance, and accuracy in financial reporting. The appointed CA, referred to as a Company Auditor, must conduct the audit per the provisions of the Company Audit Report Order (CARO).

At Especia, we follow a structured audit plan to evaluate financial records, identify key observations, and provide expert recommendations to improve efficiency and compliance.

Statutory Audit Documentation – Comprehensive Audit Files & Compliance

At Especia, our meticulous audit documentation and filing system make us one of the most trusted Statutory Audit Firms in India. We maintain structured audit records to ensure compliance, accuracy, and transparency throughout the audit process.

In recurring audits, audit files are categorized into two key types:

A) Permanent Audit Files

These files store all structural and historical records of a company, ensuring consistency across audits. They include:

  • Auditor Appointment Records & details of previous auditors
  • Key Organizational Documents
  • All past audited financial statements
  • Legal and regulatory compliance records
  • Standard Operating Procedures (SOPs) & business policies

B) Current Audit Files

These contain all documents related to the ongoing audit period, including:

  • Board Resolutions & Meeting Minutes
  • udit Planning & Execution Reports
  • orking Papers, Balance Confirmations & Reconciliations
  • Compliance & Regulatory Status Reports
  • Supporting documents for financial audits & verifications

Why Choose Our Statutory Audit Services?

  • Expert Chartered Accountants & Audit Professionals
  • Meticulous Documentation for Compliance & Transparency
  • Audit File Structuring for Seamless Regulatory Adherence
  • Industry-Leading Practices in Statutory Auditing
If you need professional Statutory Audit Services or are searching for a trusted Auditor Firm in Noida, Delhi, Gurgaon, NCR, or anywhere in India, we are here to assist you. Our team of expert chartered accountants and statutory auditors ensures full regulatory compliance and financial accuracy.Get in Touch: Write to us at

by accounts@kesariya.co.in

for expert guidance on statutory audits, tax audits, and compliance services.
What is a statutory audit
A statutory audit is a legally mandated financial review conducted by an external auditor to ensure a company's financial records comply with regulatory standards. Unlike internal audits, which are for management’s review, statutory audits are required by law and must be shared with regulatory bodies, tax authorities, or stakeholders.
Why should you choose Kesariya’s statutory audit services
If your company requires a statutory audit, choosing the right audit firm is crucial. Kesariya’s statutory audit services ensure financial compliance, accuracy, and transparency while adhering to all legal requirements.
What is the difference between a statutory audit, tax audit, and GST audit
A statutory audit is mandatory for all companies to ensure compliance with financial laws, with reports submitted to shareholders. A tax audit applies to businesses and professionals exceeding specified turnover limits, with reports submitted to the Income Tax Department. A GST audit is required for businesses exceeding the prescribed turnover limit, ensuring compliance with GST laws, with reports submitted to the CBIC. While statutory audits are compulsory for companies, tax and GST audits depend on financial thresholds.
Is statutory audit compulsory for all companies
Yes, a statutory audit is mandatory for all companies under the Companies Act, 2013, ensuring financial compliance and transparency. A tax audit is required for businesses and professionals exceeding specified turnover limits, with reports submitted to the Income Tax Department. A GST audit applies to businesses crossing the prescribed turnover threshold, ensuring compliance with GST laws and reporting to the CBIC. While statutory audits are compulsory for companies, tax and GST audits depend on financial limits.
Why is a statutory audit important?
A statutory audit is crucial for legal compliance under the Companies Act, 2013, enhancing financial authenticity and minimizing fraud risks. It ensures accuracy in financial statements, prevents penalties, and strengthens corporate governance. While a statutory audit is mandatory for all companies, a tax audit is required for entities exceeding turnover thresholds, and a GST audit applies to businesses meeting GST criteria.