Statutory Audit is essentially an audit of the final statements of a company, i.e. the profit and loss and the balance sheet. The purpose of a statutory audit is to ensure that these accounts of the company represent a fair and accurate picture of the company’s current financial position on the date of the balance sheet.
The financial statements of a Company are to be looked after by the Statutory Auditor for a given period of time. The role of the auditor is to report all the current affairs of the company in a true and fair manner. It is a crucial tool for stakeholders to gauge the substantiality of the firm with regard to their proceedings.
Our services include:
- Preparation of financial statements like balance sheet, profit and loss statement and cash flow statement;
- Financial review to identify the strength and weakness of financial accounting systems of the Company;
- Advises companies on various issues related to complicated tax regulations that can have financial implications for the companies;
- Give opinion on true and fairness of financial statements as required under the statute, accounting standards, IND AS, guidelines by the regulator, income tax provisions and disclosures in the specified formats.
Our dedicated team of experienced and certified professionals assist our clients to understand the various aspects of statutory audit and exercise professional techniques to conduct the audit.
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