Overview
Overview
A statutory audit provides an independent opinion on whether financial statements present a true and fair view in accordance with the applicable financial reporting framework.
Our audits are conducted in accordance with the Standards on Auditing, with a focus on understanding your business, assessing risk and communicating findings clearly to management and those charged with governance.
Who this is for
- Private and public limited companies
- LLPs where audit is required
- Co-operative societies and trusts, where applicable
Scope of work
The precise scope is confirmed in writing for each engagement. It typically includes:
- Audit of financial statements as per Standards on Auditing
- Reporting under the Companies (Auditor's Report) Order, where applicable
- Reporting on internal financial controls, where applicable
- Communication with those charged with governance
- Management letter with observations
Documents usually required
- 01Trial balance and books of account
- 02Fixed asset register
- 03Bank statements and confirmations
- 04Statutory registers and minutes
- 05Previous year's audited financials
We share a checklist specific to your case. Please do not send identity or financial documents by email — existing clients can upload them securely through the client portal.
How we work
- 1
Engagement acceptance
Independence checks, engagement letter and agreement on scope, timelines and reporting.
- 2
Planning & risk assessment
Understanding the entity, its controls and the areas that need the most attention.
- 3
Fieldwork
Testing of transactions, balances and controls, on-site or remotely, with regular status updates.
- 4
Discussion of findings
Observations are discussed with management before the report is finalised.
- 5
Reporting
Issue of the report in the applicable format, along with a management letter where relevant.
Frequently asked questions
When should the audit start?
Planning can begin before the year end. Early planning helps meet timelines for board approval and annual filings.
Can the statutory auditor also do our accounting?
Independence rules restrict certain services for audit clients. We will advise what is permissible in your case.
Last updated 11 Oct 2026. This page is general information, not professional advice. Applicability depends on your facts and the law in force; we do not guarantee any particular outcome, saving, registration or approval.