Bookkeeping & Bank Reconciliation
Starting from
₹2,999one-time
18% GST extra on professional fees
- Entry of sales, purchases and expenses
- Bank reconciliation for one account
- Ledger and trial balance
- Up to 300 vouchers
+ 2 more in this plan
Accounting & Audit
Statutory Audit
Annual statutory audit of companies and LLPs by a practising Chartered Accountant, with auditor appointment and report compliance covered.
- From ₹14,999 / year + GST
- 2-3 weeks from receipt of complete books and draft financial statements
- Confidential handling
About Statutory Audit
Every company must have its accounts audited each year, and many LLPs do too. We coordinate the entire cycle: auditor appointment, audit fieldwork, queries, the auditor's report and the filings that follow, so that you file on time and without last-minute stress.
What is Statutory Audit?
A statutory audit is an independent examination of the financial statements by a practising Chartered Accountant, who reports whether they give a true and fair view in accordance with the applicable accounting framework. For companies the auditor also reports on matters under CARO 2020 and on internal financial controls where applicable.
Our role covers appointing the auditor and filing ADT-1, preparing the audit file with schedules and confirmations, responding to audit queries, and finalising the report and UDIN. The audit opinion itself is the independent responsibility of the signing Chartered Accountant, and we do not influence it.
Who needs this service?
You may need it if any of these describe you.
- All companies, including private limited and one-person companies, as every company must be audited
- LLPs whose turnover exceeds ₹40 lakh or contribution exceeds ₹25 lakh
- Companies with lapsed auditor terms or casual vacancies to fill
- Newly incorporated companies that need to appoint the first auditor
- Businesses needing an audited balance sheet for loans, tenders or investors
Benefits
End-to-end coordination
Appointment, resolution, ADT-1, audit and report handled in one workflow.
Clean audit file
Schedules, confirmations and working papers are organised before fieldwork begins.
Fewer audit queries
Pre-audit review of books resolves common issues before the auditor sees them.
Timely filings
Audited accounts flow into AOC-4, MGT-7 and income-tax filing without delay.
Independent opinion
The report is signed by a practising CA with UDIN, giving it credibility with banks and authorities.
Types of Statutory Audit
Company statutory audit
Audit under section 143 for private, public and one-person companies, including CARO 2020 reporting.
LLP audit
Audit of LLP accounts where turnover or contribution crosses the limits in the LLP Rules.
First auditor appointment
Board appointment within 30 days of incorporation and later ratification at the general meeting.
Auditor change or casual vacancy
Resignation, removal or vacancy handling with filings in ADT-1 and ADT-3, where relevant.
Audit for other entities
Trusts, societies and other bodies that require audit under their governing laws.
Eligibility requirements
- Every company incorporated under the Companies Act 2013 must have its financial statements audited, even if it has no turnover.
- An LLP must get accounts audited if its turnover exceeds ₹40 lakh or its contribution exceeds ₹25 lakh in any financial year.
- Auditor must be a Chartered Accountant in practice and meet the eligibility and independence rules in sections 141 and 144.
- Books of account must be completed and financial statements drafted before audit begins.
Documents required
Keep these ready to avoid delays. Send scans or photos over WhatsApp - never share passwords or OTPs.
Financial records
- Draft financial statements and trial balance
- Ledgers, bank statements and reconciliations
- Fixed asset register and depreciation workings
- Loan statements and confirmations
Statutory records
- Certificate of incorporation, MoA and AoA
- Minutes of Board and general meetings
- Statutory registers and ROC filings
- TDS, GST, PF and ESIC returns and challans
For appointment
- Consent and eligibility certificate from the proposed auditor
- Board resolution and shareholder resolution
- Previous auditor's details, where relevant
Step-by-step process
- AppointmentConsent from the auditor, Board and shareholder resolutions, and ADT-1 filing.
- Pre-audit reviewWe review books and schedules and close known gaps before fieldwork.
- Audit planningThe auditor sets scope, materiality and the list of information needed.
- FieldworkTesting of balances and transactions, confirmations and queries are answered.
- ReportDraft report is discussed; the auditor's signed report with UDIN is issued.
- Post-audit filingsBoard approval, AGM, AOC-4 and MGT-7 are supported through our ROC compliance service.
Applicable rules & regulations
Plain-English notes. Always verify against the official notification.
| Section / rule / form | What it means |
|---|---|
| Section 139 Companies Act 2013 | Appointment of auditors: first auditor by the Board within 30 days of incorporation; later auditors by members at the AGM for a term of five years. |
| Section 143 | Powers and duties of auditors, including the auditor's report on true and fair view and on internal financial controls. |
| Sections 141 and 144 | Eligibility and disqualification of auditors, and the services an auditor may not provide to the company. |
| CARO 2020 | Companies (Auditor's Report) Order 2020 prescribes additional matters the auditor must report on, subject to exemptions for certain small companies. |
| Rule 24 LLP Rules 2009 | LLP accounts must be audited where turnover exceeds ₹40 lakh or contribution exceeds ₹25 lakh. |
| FORM ADT-1 | Filed with the ROC to intimate appointment of an auditor, within the time set by rules. |
Important due dates
Statutory dates can be extended by notification - check the official portal before relying on them.
| Activity | Due date |
|---|---|
| First auditor appointment (new company) | Within 30 days of incorporation, by the Board |
| Annual general meeting to adopt audited accounts | Generally by 30 September for a 31 March year-end |
| AOC-4 and MGT-7 | 30 days and 60 days from the AGM respectively, or as notified |
| LLP Form 8 (Statement of Account and Solvency) | By 30 October of each year |
Transparent pricing
Plans from our Accounting Services Pricing list. Government charges and GST are shown separately.
Financial Statements
Starting from
₹4,999/ year
18% GST extra on professional fees
- Profit and loss account and balance sheet
- Depreciation schedule
- Closing stock and adjusting entries
- Notes to accounts (basic)
+ 2 more in this plan
Tax Audit (Section 44AB)
Starting from
₹7,999/ year
18% GST extra on professional fees
- Tax audit report in Form 3CB-3CD / 3CA-3CD
- Examination of books and clause-wise disclosures
- TDS and GST compliance cross-check
- Reconciliation with financial statements
+ 2 more in this plan
Statutory Audit
Starting from
₹14,999/ year
18% GST extra on professional fees
- Audit under the Companies Act / LLP Act as applicable
- Audit planning, vouching and verification
- Independent auditor report and CARO review
- Board / partner observations letter
+ 2 more in this plan
Package comparison
| Feature | Bookkeeping & Bank Reconciliation | Financial Statements | Tax Audit (Section 44AB) | Statutory Audit |
|---|---|---|---|---|
| Bookkeeping entries | Up to 300 | |||
| Bank reconciliation | ||||
| P&L and balance sheet | Reviewed | Audited | ||
| Audit report | Tax audit | Statutory | ||
| Depreciation schedule | ||||
| Portal filing of report | Support | |||
| Management letter |
Government fees & professional fees
We never mark up government payments.
Professional fee
From ₹14,999 per year for a small company with limited transactions. Audit fee depends on turnover, assets, branches and the state of books, and is confirmed after reviewing the information.
Government charges
ADT-1, AOC-4 and other ROC forms attract fees as per the MCA schedule, paid at actuals. No fee for the audit itself is payable to the government.
Other costs
Tax audit under section 44AB, certifications and attending the AGM are quoted separately.
The audit opinion is issued independently by the appointed practising Chartered Accountant. SK Wealth Tax Advisor coordinates the engagement and does not influence the opinion.
Deliverables
What you receive from us.
- Auditor appointment documents and ADT-1
- Auditor's report with UDIN
- Audited balance sheet, profit and loss and notes
- Management representation letter and audit queries log
- CARO 2020 reporting, where applicable
Turnaround time
2-3 weeks from receipt of complete books and draft financial statementsTimelines assume complete, correct documents and, where applicable, timely action by the government portal or authority.
Why choose SK Wealth Tax Advisor?
- Experienced Professional SupportEvery file is handled by a person who knows the rules, not a call centre script.
- Transparent & Affordable PricingProfessional fees, government charges and GST are shown separately.
- Timely Filing & ComplianceWe track due dates for you and remind you before they arrive.
- Complete Business SolutionsRegistration, accounting, tax, ROC and licences under one roof.
- Digital & Paperless ServicesShare documents securely online. No office visit needed.
- Personalized Tax PlanningAdvice based on your income, goals and the regime that suits you.
Statutory Audit - FAQs
Does a company with zero turnover still need an audit?
Yes. The Companies Act requires every company to get its accounts audited every year, whether active or dormant.
Who signs the audit report?
A practising Chartered Accountant who has been appointed as auditor and who bears independent responsibility for the opinion, tagged with a UDIN.
How long can the same auditor continue?
Under section 139, a company other than certain exempted ones appoints an auditor for a term of five consecutive years, subject to ratification rules and rotation provisions where applicable.
What if our books are not ready?
We can first complete the accounts under our bookkeeping and financial statements services, then begin the audit.
Is a statutory audit the same as a tax audit?
No. Statutory audit is a requirement of company or LLP law. Tax audit under section 44AB of the Income-tax Act applies on turnover thresholds and results in a separate report.
Can you also be my internal auditor?
Law restricts a statutory auditor from also performing internal audit for the same company, so we keep these roles separate.
Get started with Statutory Audit
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Contact us
- +91 98765 43210
- Chat on WhatsApp
- info@skwealthtax.com
- A-123, Sector-18, Rohini, New Delhi – 110085
- Mon – Sat: 10:00 AM – 7:00 PM