Statutory audit
Audit of financial statements of companies under the Companies Act, 2013 and of other entities under their governing laws, including reporting under CARO where applicable.
Overview
An audit gives owners, lenders, regulators and other stakeholders independent assurance that financial information is reliable. The firm carries out statutory audits under the Companies Act, 2013 and other applicable laws, as well as internal, management and special-purpose audits for start-ups, mid-sized companies, larger enterprises and not-for-profit entities.
Each engagement is planned around the entity’s business, risks and reporting framework, and carried out in accordance with the Standards on Auditing issued by ICAI. Beyond the audit opinion, findings on internal controls, processes and compliance gaps are reported to management so they can be addressed.
Engagements are conducted with independence, objectivity and strict confidentiality, and reports are issued within statutory timelines.
Audit of financial statements of companies under the Companies Act, 2013 and of other entities under their governing laws, including reporting under CARO where applicable.
Periodic, risk-based review of processes such as procurement, sales, payroll, inventory and treasury, with practical recommendations on efficiency and control.
Identification of key business and financial risks, documentation of controls, and testing of their design and operating effectiveness, including internal financial controls.
Statutory audits of charitable, religious and educational trusts, societies, associations of persons and apartment owners’ associations, including audits required for tax exemptions.
Review of management practices, decision-making, policies and organisational structure, to support better use of resources and achievement of business goals.
Financial investigation of a target for acquisitions, mergers, investments or lending — covering quality of earnings, net assets, liabilities, tax exposures and compliance.
Preparation of audit reports and annexures, and their timely filing on the relevant statutory portals.
+91 84312 22223 · info@bsrsassociates.com · Koramangala 8th Block, Bengaluru