Statutory Audit Services for Small Businesses in Delhi

A statutory audit is a legally required examination of a company's financial statements, and in India it's mandatory for all companies registered under the Companies Act — regardless of size or turnover.

Who Needs One

Every private limited company and public company must undergo a statutory audit annually, conducted by an independent Chartered Accountant. LLPs need one only if turnover exceeds ₹40 lakh or capital contribution exceeds ₹25 lakh.

What the Audit Covers

• Verification of financial statements (balance sheet, profit & loss)
• Compliance with applicable accounting standards
• Review of internal controls and statutory registers
• Confirmation that statutory dues (GST, TDS, PF) have been paid correctly

How to Prepare

• Keep books of accounts updated throughout the year, not just before audit season
• Reconcile bank statements and GST returns regularly
• Maintain proper documentation for all major transactions

Timeline

Statutory audits are typically completed within a few weeks, and must be finalized before the company's Annual General Meeting (AGM) and ROC filing deadlines.

Our Approach

CA Rupa Sahni & Associates conducts statutory audits for small and mid-sized businesses across Delhi, with an emphasis on catching compliance gaps early rather than at year-end.

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