Statutory Audit Services

Independent, rigorous assurance you can rely on. As a peer-reviewed CA firm, AVS & Associates delivers statutory audits that satisfy the Companies Act and strengthen stakeholder confidence.

Statutory Audit

What a Statutory Audit Is

A statutory audit is a legally mandated, independent examination of a company’s financial statements to confirm they present a true and fair view of its financial position. Under the Companies Act, 2013, every company in Noida must have its accounts audited each financial year, regardless of turnover, by an independent chartered accountant appointed under Section 139. Our statutory audit services deliver this assurance with rigour and integrity.

As a peer-reviewed CA firm, AVS & Associates brings disciplined audit methodology and genuine independence to every engagement.

Statutory Audit

Our Audit Approach

We follow a risk-based methodology aligned with the Standards on Auditing, focusing effort where the risk of misstatement is highest.

  • Understanding the business and its control environment
  • Risk assessment and audit planning
  • Substantive testing of balances and transactions
  • Verification of statutory compliance and disclosures
  • Reporting under Section 143, including CARO requirements where applicable

Value Beyond the Audit Report

A well-conducted audit does more than satisfy the law. It strengthens stakeholder confidence, surfaces control weaknesses before they become losses, and produces audited financials that banks, investors and regulators trust. We share practical observations through a management letter, helping you improve processes year on year.

For LLPs, statutory audit is required once turnover or contribution crosses the prescribed limits; we advise on applicability and conduct the audit where required.

Independence, Peer Review and Reliability

The value of a statutory audit rests entirely on the independence and competence of the auditor. As a peer-reviewed firm, our processes and working papers are themselves subject to ICAI review, which means the assurance we provide carries genuine weight with banks, investors and regulators. We rotate procedures, maintain documentation to professional standards, and never compromise our reporting to please management.

We also conduct audits in a way that minimises disruption to your team — agreeing a clear timeline, providing a structured information request upfront, and resolving queries efficiently — so the audit strengthens your governance without becoming an annual ordeal.

An Audit That Strengthens Your Business

We deliver more than a signed report. Through a management letter we highlight control weaknesses, process gaps and risks we observe during the audit, giving you a practical roadmap to improve governance each year. Clients consistently find that a rigorous audit becomes a tool for building a stronger, more investable business.

Audit works best alongside well-kept accounting & bookkeeping services and timely ROC compliance & annual filings, and complements our GST consulting services and private limited company registration.

Why Select Us?

Our Strength Lies in Providing Real-World Practical Solutions

STRICT TIMELINE

We plan the audit around your AGM and ROC deadlines so Form AOC-4 and MGT-7 are always filed on time, working to a clear schedule throughout.

MINIMUM COST

A thorough, Standards-compliant audit at transparent, competitive fees, with savings from delivering statutory audit, tax audit and ROC filing together.

ONE STOP SOLUTION

Statutory audit, tax audit, internal financial controls and annual ROC filings — the full compliance chain handled by one firm.

TRUST & RELIABILITY

AVS & Associates is a peer-reviewed CA firm founded by CA Vishnu Agrawal, with 25+ years of experience and five partners. We uphold the highest ethical and professional standards on every engagement, with complete client confidentiality.

Frequently Asked Questions​

Yes. Under the Companies Act, 2013, every company must have its financial statements audited each year by an independent chartered accountant, irrespective of turnover or profit.

An LLP must be audited if its annual turnover exceeds Rs. 40 lakh or partner contribution exceeds Rs. 25 lakh.

A statutory audit is required under company law to verify true-and-fair financial statements, while a tax audit is required under the Income Tax Act above certain turnover thresholds.

Only a practising chartered accountant or CA firm, independent of the company and appointed under Section 139, can conduct a statutory audit.

The Companies (Auditor’s Report) Order requires auditors to report on specific additional matters. We address CARO requirements where applicable to your company.