Statutory Audit Services in Bengaluru | Srinivas & Associates

Statutory Audit

Independent statutory audits that ensure legal compliance, financial accuracy and stakeholder confidence — grounded in accuracy, independence and integrity.

Credibility, built on an independent audit

Statutory audits play a vital role in financial transparency, regulatory compliance and stakeholder confidence. We provide meticulous statutory audit services that align your financial records with legal and regulatory standards — rooted in accuracy, independence and integrity.

What is a statutory audit?

A statutory audit is a legally mandated review of the accuracy of a company’s financial statements and records, conducted in accordance with applicable laws such as the Companies Act, 2013. The goal is to determine whether the statements present a true and fair view of the company’s financial position.

Our statutory audit services

Five connected workstreams that take you from planning through to a stakeholder-ready report.

01

Annual Statutory Audit

An annual audit of your financial statements, conducted to confirm they present a true and fair view.

  • Compliance with applicable accounting standards & laws
  • Verification of books, vouchers & supporting records
  • Independent assessment of financial accuracy
  • Detection of material misstatements, fraud or irregularities
02

Internal Controls Evaluation

As part of the audit, we assess how effective your company’s internal controls really are.

  • Review of internal financial controls (IFC) per Companies Act
  • Suggestions for control enhancement & process improvement
03

Structured Audit Programme

A structured programme customised to your business, run across three clear phases.

  • Planning — business understanding, risk assessment & strategy
  • Fieldwork — ledger scrutiny, sampling & analytical procedures
  • Reporting — audit report, CARO report & management communication
04

Regulatory & Legal Compliance

We ensure your entity stays fully compliant with every applicable law and regulator.

  • Companies Act, 2013
  • Income Tax Act
  • GST laws (where applicable)
  • RBI / SEBI / IRDA guidelines for regulated entities
05

Reporting to Stakeholders

A reliable, independent report that speaks to everyone who depends on your numbers.

  • Shareholders and investors
  • Financial institutions and lenders
  • Regulatory bodies

Our audit methodology

Conducted in accordance with the Standards on Auditing (SA) issued by the ICAI.

1

Understanding the entity & its environment

2

Risk assessment & internal-controls testing

3

Substantive testing & analytical procedures

4

Final review & opinion formation

5

Drafting & issuance of audit reports

Why a statutory audit is important

Ensures Transparency

Validates the correctness and reliability of your financial statements.

Builds Credibility

Instils trust among investors, lenders and other stakeholders.

Strengthens Compliance

Helps identify and correct regulatory and financial discrepancies.

Prepares for Growth

Enables informed decisions and readiness for funding, IPOs or partnerships.

Deliverables & the advantage of working with us

Documentation & reporting

  • Statutory Audit Report
  • CARO annexures (Companies Auditor’s Report Order)
  • Management letter on control deficiencies & improvements
  • Audit working papers & checklists

Why firms choose us

  • Independent, objective assessments
  • Industry-specific audit knowledge
  • Experienced audit professionals
  • Audit software & tools for accuracy
  • Timely completion & clear communication

Statutory audits across every entity type

From private companies and LLPs to trusts, institutions and financial entities.

Private & Public Ltd Companies

LLPs & Partnership Firms

Co-operative Societies & Trusts

Educational Institutions

NGOs & Section 8 Companies

Financial Institutions & Start-ups

Frequently asked questions

Is an audit mandatory for all companies in India?
Yes. All companies registered under the Companies Act are required to undergo statutory audits, regardless of turnover.
When should a statutory audit be completed?
Ideally before the due date for filing annual returns with the ROC and the income-tax department — typically by 30 September for most companies.
What happens if a statutory audit isn’t conducted?
Non-compliance can lead to penalties, disqualification of directors, legal action, and difficulty raising capital or loans.
Do you help companies prepare for audits?
Yes. We assist with pre-audit preparation, including financial review, compliance checks and documentation readiness.

Schedule your statutory audit

Ensure compliance, build investor trust and drive better governance. Contact us to schedule a consultation and streamline your annual audit.