A statutory audit provides an independent opinion on whether financial statements present a true and fair view.
Scope
- Planning and risk assessment
- Evaluation of internal controls relevant to the audit
- Substantive testing and verification of balances
- Reporting in accordance with the Standards on Auditing issued by ICAI
- CARO and other reporting requirements, where applicable
An audit opinion depends entirely on audit evidence; no particular outcome can be assured in advance.
At a glance
- Audit under Companies Act, 2013
- Audits of societies, trusts and co-operatives
- Bank branch audits (as allotted)
- Reporting under CARO where applicable
- Compliance with Standards on Auditing
Documents generally required
- 1Trial balance, ledgers and draft financial statements
- 2Bank statements, bank reconciliations and balance confirmations
- 3Minutes of board and general meetings, and statutory registers
- 4Register of fixed assets and inventory records
- 5Loan agreements and sanction letters
- 6Returns filed under GST, TDS, PF and ESI for the year
- 7Previous year's audited financial statements
This is a general list. The documents actually needed depend on the facts of each case and will be confirmed when the work is taken up. Please do not send documents through this website.