Statutory Audit — Companies Act 2013
Every company registered under the Companies Act 2013 must have its financial statements audited by an independent Chartered Accountant every year. The statutory audit verifies that the financial statements give a true and fair view of the company's financial position and are prepared in accordance with Indian Accounting Standards. The auditor's report is filed with MCA as part of AOC-4. BSP Associate conducts the statutory audit with thoroughness, issues the audit report, and ensures all disclosures required under the Companies Act are complete.
What's Included
Everything you get when you engage BSP Associate for Statutory Audit — Companies Act 2013.
- Audit of financial statements — P&L, balance sheet, cash flow, and notes
- Compliance with Companies Act 2013 and applicable Accounting Standards
- Independent auditor's report in the prescribed format
- CARO 2020 report (Companies Auditor's Report Order) where applicable
- Internal financial controls review and reporting
- Related party transaction review
- AOC-4 filing support with MCA after audit completion
Documents Required
Have these ready before you reach out — it speeds things up considerably.
Documents You'll Need
Please arrange these before your consultation
- Trial balance and general ledger for the financial year
- All bank statements and bank reconciliation statements
- Sales invoices, purchase bills, and expense vouchers
- Fixed asset register with additions and disposals
- Loan agreements, term sheet, and repayment schedules
- GST returns filed during the year (GSTR-1, 3B, 9)
- TDS returns and challans (24Q, 26Q)
- Previous year audited financial statements
- Board resolutions and minutes of meetings
- List of related parties and transactions with them
Don't have these? We'll prepare them for you.
BSP Associate can draft and file all of the following
- Draft financial statements — P&L, balance sheet, and notes to accounts
- Depreciation schedule under Companies Act 2013
- Independent auditor's report
- CARO 2020 report
- Management representation letter
Frequently Asked Questions
Common questions about Statutory Audit — Companies Act 2013.
Every company registered under the Companies Act 2013 — private limited, public limited, one person company, and producer company — must get its financial statements audited by an independent Chartered Accountant every financial year, regardless of turnover or size. There is no minimum turnover threshold for statutory audit of companies.
BS Balaji
Founder & Principal Consultant
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