Statutory Audit Services in Delhi

The primary objective of a statutory audit is to provide assurance to stakeholders, such as shareholders, investors, creditors, and regulators, regarding the reliability and integrity of the company's financial reporting. During the audit process, the auditor examines the company's accounting policies, internal controls, and financial transactions to identify any material misstatements, errors, or irregularities. The auditor also evaluates the company's compliance with relevant accounting standards, laws, and regulations applicable to its industry and jurisdiction. At the conclusion of the audit, the auditor issues an audit report, which provides an opinion on the fairness of the financial statements and highlights any significant findings or areas of concern.

A statutory audit plays a crucial role in enhancing transparency, accountability, and confidence in the financial markets by providing stakeholders with independent assurance on the accuracy and reliability of the financial information disclosed by the company.

Steps commonly continued in directing Statutory Audit

• Getting arrangement letter and board goal duplicate.
• Getting NOC from the past examiner.
• Documenting no exclusion status to the organization.
• Documenting of Form ADT-1 to ROC.
• Letter of commitment.
• Evaluation of inner control.
• Detailing of inner review program activity plan and schedule.
• Conduction review according to IGAAP, Companies Act, ICAI Accounting Standards, and Auditing Standards.
• Shaping an assessment on the fiscal summary arranged by the organization.
• Answering to investors.
• Going to AGM.