Statutory Audits

Continuing globalization has increased the complexity of principles, regulations, disclosures and the cultures in which organizations operate. Increasing litigation, legislation, and regulations carry important compliance implications.

A Statutory Audit of the financial statements requires an auditor to provide reasonable assurance that the accounts and financials have been prepared in accordance with the Generally Accepted Accounting Principles (GAAP) and Standards on Auditing (SAs), and that they are free from misstatements and errors.

Our team uses a combination of tailor made systems and controls to obtain audit evidence ensuring adherence with the provisions of Companies Act, 1956 across all organizations including those that are held by the government, publicly listed and privately held. It also fulfills the statutory assurance function for non corporate entities based on the applicable statute and laws relevant to them.