Company Audit

Identify problems. Increase credibility.

  • Get a complete assessment of the Company.

As per the Companies Act, 2013 it is necessary to conduct to a company audit. Every companies regardless of its type of business or turnover should have their yearly accounts audited every financial year. This process can be successfully executed when the company directors appoint an auditor for the audit. Furthermore, at all annual general meeting (AGM), an auditor is appointed by the shareholders of the company who will continue the position from one AGM to the conclusion of next AGM. According to the Companies Act, 2017 it allows auditors to be appointed for a term period of 5 years. But in the case of individuals /partnership firms, auditors cannot be appointed for above one or two terms. It is compulsory for the auditor to be changed after the end of the term.


A good company to all.

  • Company audit helps to identify weaknesses in the accounting systems and enables us to suggest improvements.

  • An audit will enhance the credibility & reliability of the figures being submitted to prospective buyers. If an owner manager is planning on selling in the next three years, it may be beneficial to carry out regular audits

  • company audit assures directors not involved in the accounting functions on a day-to-day basis that business is running in accordance with information they are receiving, and helps reduce the scope for fraud and poor accounting.

  • company audit gives assurance to shareholders that the figures in the accounts show a true and fair view

  • Company audit adds credibility to published information for employees, customers, suppliers, investors and tax authorities:



In conformation with the statutes.

  • Getting Appointment Letter & Board Resolution Copy

  • Getting NOC from Previous Auditor

  • Filing our no disqualification status to the company

  • Filing of Form 23B to ROC

  • Getting Letter of Engagement

  • Assessment of Internal Control

  • Formulation of Internal Audit Program Action Plan and Calendar

  • Conduction Audit as per IGAAP Companies Act ICAI Accounting Standards and Auditing Standards

  • Forming an opinion on financial statement prepared by the company

  • Reporting to Shareholders

  • Attending AGM


Documents Required

May be everything, belonging to the Company.

  • Audit engagement letter
  • Opening trail balance
  • Last year signed financial statement
  • Copy of camputation of income of last year
  • Shareholding pattern
  • List of directors
  • List of kmps
  • Register 301 extracts
  • Minutes of meeting
  • Form 26as
  • Fixed assets register
  • Invoice of addition to fixed assets
  • Invoice of sale of fixed assets
  • Tds payments challans
  • Pf/pt/esic/mlwf(whichever applicable) payment challans
  • Advance tax payments challans
  • Returns copy
  • Loan payment sch. & loan confirmation letter
  • Cash balance confirmation letter along with denomination
  • Bank balance confirmation
  • Outstanding entry passed:provide supporting xerox copy
  • List of related party as per as18
  • Ledger of related party from tally having transaction
  • Calculation of foreign exchange profit/loss
  • Cash ledger with transaction more than rs. 20000/-
  • Section 274(1)(g) of co. Act: representation from director for qualification
  • Status of pending income tax assessement
  • Draft financial statement
  • Management representation letter
  • Any change in moa/aoa
  • Certificate under sec. 40(a)(3) & 269ss & 269t of income tax
  • Copy of annual return filled with mca
  • Calculation of director remuneration as per companies act
  • Section 383a: secretarial compliance certificate
  • Share application pending refund

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