Statutory Audit
All companies registered in India are required to get their Financial Statements audited by Chartered Accountants under the Indian Companies Act. These audits are undertaken in accordance with the Indian Accounting Standards and guidelines issued from time to time by the Institute of Chartered Accountants of India.
Additionally, Companies which have a turnover over a specified amount are also required to have their records audited by Chartered Accountants under the Indian Income Tax Act.The basic principal of statutory auditing is to ensure that the financial statements such as the Balance Sheet, Profit & Loss Account and Cash Flow Statement give a true & fair view and are free from any material misstatements.
CP audit approach comprises of deep understanding of your business and the industry in which you operate to enable us to design an effective audit plan and designed to comply with the International Standards on Auditing, current statutes, Indian Accounting Standards and the guidelines issued by the regulatory board from time to time.