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Company Profile

Statutory Audit Services in Ahmedabad


Statutory Audit Services in Ahmedabad

Table of Content

TEC Certification

1. Introduction to Statutory
Audit Services

Statutory audits are a mandatory requirement for companies to ensure compliance with applicable laws and regulations. These audits provide an independent assessment of a company’s financial records, ensuring they present a true and fair view of its financial health. By performing a statutory audit, businesses can demonstrate their commitment to transparency, build stakeholder trust, and meet their regulatory obligations.

At H S Lalwani & Co., we bring expertise and precision to statutory audits, helping your organization navigate the complexities of financial compliance effectively and efficiently.

Business Setup Illustration
Documents Required Illustration

2. Documents Required for Statutory Audit

    General Requirements:

  • Financial statements (balance sheet, profit & loss account).
  • Trial balance for the financial year under review.
  • General ledger and subsidiary ledgers.
  • Bank statements and bank reconciliation statements.
  • Details of fixed assets and depreciation schedules.
  • Additional Requirements (if applicable):

  • Minutes of board meetings and general meetings.
  • Details of loans, advances, and investments.
  • Agreements for major transactions or contracts.
  • Compliance reports for applicable laws.
Business Setup Illustration

3. Process of Statutory Audit

Business Setup Illustration

4. Why Choose H S Lalwani & Co.?

What Our Clients Say

User
Tanwani Bhavesh
★★★★★

CA Hitesh Lalwani is the best chartered accountant in Ahmedabad for GST and direct tax advisory. His knowledge of income tax planning, GST compliance, and business taxation is exceptional. Highly recommended for startups and businesses looking for expert financial guidance

User
Jagdish Parmar
★★★★★

Mr Hitesh is a very skilled, educated and professional CA who is always responsive and highly knowledgeable. I highly recommend Mr. Hitesh to anyone seeking a trustworthy, skilled, and responsive chartered accountant.

User
Pankaj Vaishnav
★★★★★

Honest and accurate tax consultation services. I highly recommend Hitesh Bhai and Team for tax consultation.

Frequently Asked Questions (FAQs)

A statutory audit is a legally mandated examination of a company’s financial records to ensure compliance with applicable regulations.
Statutory audits are mandatory for all companies registered under the Companies Act, 2013, including private limited, public limited, and listed companies.
The objective is to ensure the financial statements provide a true and fair view and comply with legal and regulatory standards.
The statutory auditor examines financial records, verifies compliance, and provides an independent audit report.
Statutory audits are typically conducted annually.
Non-compliance or audit failures can result in penalties, legal action, or loss of credibility.
We provide end-to-end audit services, ensuring accuracy, compliance, and timely reporting.
It ensures regulatory compliance, improves financial transparency, and builds stakeholder confidence.
The duration depends on the complexity of the business, but it typically ranges from 2-6 weeks.
Yes, a statutory audit can provide insights into financial management and tax planning opportunities.

Our Other Services

Statutory Audit Services

Statutory audits are a mandatory requirement for companies to ensure compliance with applicable laws and regulations.

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Tax Audit Services

A tax audit is an essential process mandated under Section 44AB of the Income Tax Act, 1961, for businesses and professionals exceeding specified turnover thresholds.

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Internal Audit Services

Internal audits are an essential mechanism for organizations to evaluate and improve the effectiveness of their governance, risk management, and internal controls.

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Management Audit Services

Management audits are designed to evaluate the efficiency and effectiveness of an organization's management processes and strategies.

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Forensic Audit Services

Forensic auditing is a specialized branch of accounting that focuses on uncovering fraud, mismanagement, and financial discrepancies in businesses.

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Information System (IS) Audit Services

In today's digital age, businesses rely heavily on technology to manage their operations, store data, and serve customers.

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