Reliable & Transparent Statutory Audits for Companies of All Sizes
Every company registered under the Companies Act, 2013 is mandatorily required to get its books of accounts audited annually by a Chartered Accountant. This audit ensures financial transparency, stakeholder confidence, and statutory compliance.
At Apramada, we provide specialize assitance in Statutory Audits for Private Limited Companies, OPCs, Section 8 Companies, and other registered entities, helping you meet legal obligations while offering strategic insights to improve your financial controls.
What is a Statutory Audit?
A Statutory Audit under the Companies Act is a compulsory financial examination conducted by an independent Chartered Accountant to verify whether a company’s financial statements reflect a true and fair view of its financial position.
The audit is conducted in accordance with:
- Section 139 to 148 of the Companies Act, 2013
- Standards on Auditing (SA) issued by ICAI
- Other applicable rules notified by the Ministry of Corporate Affairs (MCA)
Who Needs to Conduct a Statutory Audit?
✔️ All companies registered under the Companies Act (including OPCs and startups)
✔️ Regardless of turnover or profit – even companies with nil operations or losses must comply
✔️ Companies receiving investments, loans, or involved in external partnerships
Our Statutory Audit Services Include:
✅ Audit Planning & Risk Assessment
– Understanding business operations, internal controls, and key risk areas.
✅ Verification of Books & Records
– Scrutiny of ledgers, vouchers, invoices, bank statements, and statutory registers.
✅ Review of Financial Statements
– Examination of Balance Sheet, Profit & Loss, Cash Flow Statements, and Notes to Accounts.
✅ CARO Reporting (if applicable)
– Reporting as per Companies (Auditor’s Report) Order
✅ Preparation & Filing of Audit Report (Form AOC-4 & MGT-7)
– Timely and accurate reporting on the MCA portal.
✅ Management Letters & Recommendations
– Providing actionable insights for better internal control and financial governance.
Documents Required
- Certificate of Incorporation and PAN of the Company
- Memorandum & Articles of Association (MOA/AOA)
- Books of accounts and trial balance
- Financial statements for the audit period
- Bank statements and loan documents
- Statutory registers and board meeting minutes
- Previous audit reports (if any)
Key Due Dates
Filing
Due Date
Audit Completion
30th September of the Assessment Year
Filing of AOC-4
Usually 30 days from AGM
Filing with ITR
Usually 60 days from AGM
Note: Extensions may be granted by MCA through notifications.
Why Choose Apramada?
✔️ End-to-end compliance support including MCA filings
✔️ Deep understanding of private, OPC, and non-profit companies
✔️ Assurance of accuracy, integrity, and confidentiality
✔️ Practical advice on improving internal systems & governance
We go beyond basic compliance — our audits are designed to strengthen your financial discipline and boost investor and regulatory trust.
Consequences of Non-Compliance
🚫 Monetary penalties for directors and company under Section 134 and 137
🚫 Ineligibility for funding, loans, or government registrations
🚫 Legal implications in case of fraud, misstatements, or investor disputes
Ensure your company stays fully compliant with a trusted audit partner.