Mandated by Law. Managed by Experts.
Statutory Audit Services in India
Start Bharat delivers CA-certified statutory audits that ensure Companies Act, Income Tax, and regulatory compliance
OverviewStatutory Audit is an annual requirement for companies that cross certain financial thresholds under the Companies Act and Income Tax Act. It involves examination of books, financial statements, and internal systems by an independent Chartered Accountant. Start Bharat provides end-to-end audit execution — from planning and testing to report issuance — ensuring your audit is clean, timely, and legally accepted.
Who Is This For?Start Bharat’s Statutory Audit service is designed for companies legally required to submit annual audited financials.
Private Limited and Public Limited Companies
All companies registered under Companies Act that meet turnover, capital, or borrowing thresholds.
Businesses With ₹1 Cr+ Turnover or ₹50L+ Expenses
Firms meeting audit limits under Income Tax Act for sales, receipts, or professional services.
LLPs or Firms Required to File Under Tax Law
Partnerships and LLPs that cross prescribed limits and require CA-certified audit reports.
Educational or Non-Profit Institutions With Grants
NGOs, schools, or trusts receiving public funding or foreign donations requiring audited accounts.
Companies Planning to Raise Equity or Seek Loans
Businesses preparing for funding or debt that need clean and credible financials reviewed by auditors.
Solutions OfferedStart Bharat delivers full-service statutory audit through qualified CAs and streamlined documentation processes.
Benefits A Statutory Audit builds legal credibility, detects risks, and strengthens your corporate reputation.
Step-by-Step ProcessStart Bharat completes your statutory audit through this efficient and legally sound 4-step plan.
Review Books and Collect Transactional Data
We obtain trial balance, ledgers, invoices, and previous audit notes to begin audit planning.
Conduct Onsite or Remote Audit Testing
Our team verifies records, tests controls, cross-checks returns, and interacts with your accounts team.
Prepare and Finalize Audit Report (CARO If Applicable)
We draft the final audit report and issue it after internal review — including CARO 2020 if required.
Deliver Signed Report and Assist With Filings
We deliver soft/hard copies and assist your team or consultant in submitting it to MCA or Income Tax portal.
Frequently Asked Questions
We’ve amassed a large number of frequently asked questions (FAQs)
It’s required for every company under Companies Act, and for other entities crossing turnover/expense limits under Income Tax Act.
Statutory audit is legally required and focused on financial reporting. Internal audit is voluntary and focuses on operations/processes.
No. It must be conducted and signed by an independent Chartered Accountant who is not your employee.
Trial balance, general ledger, purchase/sales register, GST returns, TDS challans, asset records, and company resolutions.
Usually 7–15 working days depending on company size, documentation quality, and previous year carryforwards.
You may face penalties from MCA or Income Tax Department. It also affects your credibility and compliance track record.