Managing statutory audits effectively is crucial for every business to ensure financial transparency, statutory compliance, and smooth operations during Tax Year 2026 (FY 2025-26, AY 2026-27). A N Bhutada & CO is the best CA firm for statutory audit services, we provide end-to-end support to companies, LLPs, firms, and startups in meeting all mandatory audit requirements with complete accuracy and professional oversight.
Our statutory audit services for FY 2025-26 cover comprehensive verification of financial statements, books of accounts, accounting records, business transactions, and compliance procedures to ensure full adherence to applicable financial and legal regulations. If you are searching for a “CA near me for statutory audit”, our expert team delivers robust audit processes tailored to your industry and business size, helping you stay fully compliant for AY 2026-27.
Experienced audit professionals from our CA firm specialize in identifying financial irregularities, strengthening internal financial controls, and improving adherence to accounting standards. By engaging one of the best CA firms for statutory audit services in Pune, your business benefits from accurate audit reporting, clear financial insights, and strong compliance frameworks that enhance credibility with shareholders, investors, banks, and government authorities.
Statutory Audit
A Statutory Audit is compulsory by law to check accuracy of Companies financial records. The Moto of conducting a statutory audit is to check compliance’s part, check books of accounts are in line with law, review to determine that the financial records of company are in line with the law of land and disclosure made by company is fair and enough. The term Statutory Audit denotes that same is required by law. Audit is conducted to determine that financial records are prepared as per law like funds were handled correctly , taxes calculation done correctly etc.
Applicability of Statutory Audit
A Statutory Audit is a legally mandated audit conducted by an independent Chartered Accountant to verify whether a company’s financial statements present a true and fair view of its financial position and comply with the applicable laws and accounting standards. In India, statutory audits are primarily governed by the Companies Act, 2013 and other sector-specific regulations.
Every business may not require a statutory audit; however, several categories of entities are legally obligated to undergo one.
Companies Required to Conduct a Statutory Audit
The following entities are generally required to appoint a statutory auditor:
| Entity Type | Governing Law | Applicability |
|---|---|---|
| Private Limited Companies | Companies Act, 2013 | Mandatory, regardless of turnover |
| Public Limited Companies | Companies Act, 2013 | Mandatory, regardless of turnover |
| One Person Companies (OPCs) | Companies Act, 2013 | Mandatory, regardless of turnover |
| Section 8 Companies (Non-Profit Companies) | Companies Act, 2013 | Mandatory, regardless of turnover |
| Government Companies | Companies Act, 2013 | Mandatory, regardless of turnover |
| Foreign Companies operating in India | Companies Act, 2013 | Mandatory, regardless of turnover |
| LLP | LLP Act, 2008 | Conditional, turnover based |
Statutory Audit Services Offering
A N Bhutada & CO offering Statutory Audit Services in Pune firm. Our auditing team includes experienced chartered accountant and trained staff. Our services includes preparation financial statements, certification etc. We strongly follow guideline of ICAI in execution of statutory auditing. Our Firm expertise in providing value added service to companies through our expertise knowledge and experienced professionals. We have dedicated professional to look after are of Statutory Audit.
- Compliances with regulation
- Advise on controls and improvements
- Preparation of financial statements
- Confirming accounting treatment
- Review of books of account of company and check same with in accordance of Law of Land
Statutory Audit Process by CA Firm
At A N Bhutada & Co., we follow a systematic and risk-based audit approach to ensure complete compliance and value-added insights for our clients.
Step 1 – Initial Consultation
We begin by understanding your business model, industry, regulatory requirements, and previous audit observations. This helps us design an audit strategy tailored to your organization.
Step 2 – Engagement & Audit Planning
Our audit team prepares an engagement plan that identifies significant risk areas, applicable accounting standards, internal controls, timelines, and audit objectives.
Step 3 – Collection of Documents
We collect financial records, statutory registers, accounting data, agreements, bank statements, GST returns, tax records, and other supporting documents required for the audit.
Step 4 – Review of Internal Controls
The audit team evaluates the effectiveness of internal financial controls, accounting systems, authorization procedures, and compliance mechanisms.
Step 5 – Verification of Financial Transactions
Detailed verification is carried out for sales purchases, expenses, TDS, GST, Income tax Act, Company Act, loans, investments etc.
Step 6 – Discussion of Audit Findings
All audit observations and recommendations are discussed with management. Necessary corrections and disclosures are suggested before finalizing the financial statements.
Step 7 – Issuance of Audit Report
After completing all audit procedures, we issue the Independent Auditor’s Report expressing our opinion on the financial statements.
Our Range of Business Assurance Solutions include:-
- Companies Act
- Income Tax Act
- Maharashtra Value Added Act
- Finance Act
- Excise Act
Documents Required for Statutory Audit by CA Firm
The exact documentation depends upon the nature and size of the business. However, the following documents are commonly required for conducting a statutory audit:
| S.No. | Particulars | S.No. | Particulars |
|---|---|---|---|
| 1 | COI, AOA, MOA, PAN | 11 | TDS returns, challan, working |
| 2 | Board Resolution Copies | 12 | Sales, Purchases details |
| 3 | Trial Balance | 13 | Stock Register |
| 4 | Balance Sheet | 14 | Salary Register, PF, ESIC |
| 5 | Profit & Loss Account | 15 | Related Party Agreements |
| 6 | Fixed Asset, GL Ledger | 16 | AIS TIS Report |
| 7 | Depreciation Schedule | 17 | Gratuity Details |
| 8 | Bank Statements | 18 | BRC / FIRC Details |
| 9 | Interest Certificates | 19 | Transactions with related party |
| 10 | GST Returns | 20 | Notices against company |
Due Date of Statutory Audit and Other Compliances
| Statutory Audit | 30th September |
| ITR Filing of Company | 31st October |
| AOC 4 | 31st October (or with in 30 Days of AGM) |
| MGT 7 | 30th November (Within 60 Days of AGM) |
Why Timely Statutory Audit Services by CA Firm Matters
Completing a statutory audit on time helps businesses:
- Ensure compliance with the Companies Act, 2013.
- Improve credibility with banks, investors, and financial institutions.
- Support timely filing of annual financial statements and annual returns.
- Detect accounting errors and internal control weaknesses.
- Reduce the risk of regulatory penalties and litigation.
- Strengthen corporate governance and financial transparency.
Penalties for Non-Compliance with Statutory Audit
Failing to conduct a statutory audit can result in penalties, fines, and legal repercussions, including disqualification of the company’s directors. Below is quick list of penalty for Non Compliance of Statutory audit:
| Remark | Particulars | Section |
|---|---|---|
| Fine for the company | The company may be fined | Section 147(1) |
| Fine for the auditor | The auditor may be fined | Section 147(2) |
| ROC Filing Delay late fees | AOC-4 and MGT-7, if filed late | Company Act |
| No auditor appointed | ₹25,000 to ₹5,00,000 on the company and officers | Section 139 & 147 |
Why Choose A N Bhutada & CO For Statutory Audit Services?
At A N Bhutada & Co., our experienced Chartered Accountants provide comprehensive statutory audit services, helping companies meet all legal requirements while delivering practical insights to improve financial reporting and compliance. This makes us a trusted choice for businesses searching for the Best CA Firm for Statutory Audit Services, Top CA Firm for Statutory Audit, or CA Near Me for Statutory Auditing.
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Compare Your Options
| Audit Type | Mandatory For | Due Date | Statutory Compliances | Mode of Audit submission | Who can do Audit | Audit Section |
|---|---|---|---|---|---|---|
| Tax Audit | Turnover > Rs. 200 / 50 lac | 30 Sept 2019 | Yes | Online | CA | 44 AB |
| GST Audit | Turnover > Rs. 200 Lac | 31 Dec 2019 | Yes | Online | CA/CMA | 35(5) |
| Statutory Audit | For Companies | 30 Sept 2019 | Yes | Online | CA | Section 133 |
| Trust Audit | For Trust | 31 July 2019 | Yes | Online & Offline | CA | Section 11 & 12 |
| Society Audit | For Society | 31 July 2019 | Yes | Online & Offline | CA & Other | Section 81 |
FAQ on Statutory Audit Services by CA Firm
What is the role of CA Firm As a statutory auditor?
The role of a statutory auditor is to examine and evaluate an organization’s financial records, statements, and internal controls to determine whether they provide a true and fair view of its financial position and performance. They assess the organization’s compliance with relevant laws and regulations, identify any financial irregularities or fraud, and provide an independent opinion on the accuracy and reliability of the financial statements.
How to Appoint Best CA Firm AS statutory auditor ?
The appointment of a statutory auditor is typically made by the shareholders or owners of the organization during the annual general meeting (AGM). In some cases, regulatory authorities or governing bodies may also have specific requirements or recommendations regarding the appointment process. The auditor’s appointment is formalized through an engagement letter or contract that outlines the scope of work, responsibilities, and remuneration.
When should the first auditor be appointed?
According to Section 139(6) of the Companies Act, the first auditor of a company should be appointed within 30 days from the date of its registration.
What is the legal requirement for appointing an auditor?
Section 139(1) of the Companies Act, 2013, along with Rule 3 of Companies (Audit & Auditors) Rules, 2014, states that every company must appoint an individual or firm as its auditor
Can CA Firm to Statutory Audit and Tax audit ?
Yes, same CA firm can conduct both.
How long does a statutory audit take?
The duration of the audit depends on the size and complexity of the business, but it typically takes a few weeks.
What is the role of the auditor in a statutory audit?
The auditor’s role is to provide an independent examination of the financial statements to ensure they represent a true and fair view.
How much does a statutory audit cost in India?
Audit fees depend on the complexity, size, and location of the business. CA Firm fees start from ₹15,000–₹25,000. Larger or more complex companies may pay ₹1 lakh or more.
When should statutory audit be completed?
Statutory audit should be completed before the Annual General Meeting (AGM). Companies must hold AGM within 6 months of financial year end
