SASahil AdvisoryTax and Compliance
Audit

Statutory Audit (Companies Act)

Private Limited, OPC and LLPs crossing audit limits

Every company must have its accounts audited each year whatever the turnover, dormant companies included. We prepare the financial statements in Schedule III format with the notes and related-party disclosures, and an empanelled Chartered Accountant conducts and signs the audit. The fee depends on turnover, branches and the state of the records, so it is quoted after a scope review.

Quoted after scope reviewfrom ₹24,999
15 to 25 business days Reviewed by CMA Sahil

Online payment and dashboard tracking arrive with the client portal. Until then we confirm the order on WhatsApp and send a GST invoice.

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  • Signed by the professional the law requires
  • Working papers prepared in-house
  • Filed before the due date
  • GST, TDS and 26AS reconciled

What is included

  • Schedule III financial statements and notes
  • Audit under the Companies Act by an empanelled CA
  • CARO reporting where applicable
  • Related-party and director disclosures
  • AOC-4 and MGT-7 coordination

Documents we need

  1. 1Accounting file for the year
  2. 2Bank statements and reconciliations
  3. 3GST, TDS and PF or ESI returns
  4. 4Board minutes and statutory registers
  5. 5Loan and investment documents
  6. 6Previous year audited accounts

Missing something? Start anyway. Your expert tells you exactly what is needed and what can be downloaded with your consent.

Simple process

How statutory audit (companies act) works

  1. Scope and quote

    Share turnover, entity type and last year's financials. We confirm which audits apply and quote a fixed fee.

    Within 1 working day

  2. Books and schedules

    We compile or review the books, prepare the annexures and reconcile GST, TDS and 26AS with the accounts.

    5 to 15 business days

  3. Report signed and filed

    The empanelled Chartered Accountant or Cost Accountant reviews, signs and uploads the report before the due date.

    Before the statutory due date

Before you start

Estimate first, then file

Your expert

Prepared and reviewed by a qualified professional

S

8+ years · English, Hindi, Punjabi

  • Income tax returns
  • GST compliance
  • CMA data for bank loans

Other audit plans

All audit plans

FAQ about statutory audit (companies act)

Does a dormant or zero-revenue company still need an audit?

Yes. The Companies Act requires an audit of every company every financial year regardless of activity. A nil-activity audit is quoted at the lower end of the range.

Do LLPs need a statutory audit?

Only if turnover exceeds ₹40 lakh or partner contribution exceeds ₹25 lakh in a financial year. Below both limits an LLP audit is optional.

Who is required to get a tax audit under section 44AB?

A business with turnover above ₹1 crore, raised to ₹10 crore when at least 95% of receipts and payments are digital, and a profession with gross receipts above ₹50 lakh (₹75 lakh with 95% digital). It also applies if you declare profit below the presumptive rate under 44AD or 44ADA after having opted in.

What is the tax audit due date for FY 2025-26?

The audit report in Form 3CA or 3CB with 3CD is due by 30 September 2026 and the return by 31 October 2026. Late filing of the report attracts a penalty under section 271B of 0.5% of turnover, capped at ₹1,50,000.

Can a Cost and Management Accountant sign a tax audit report?

No. Section 44AB reserves the tax audit report for a Chartered Accountant. Our CMA team prepares the books, schedules and 3CD annexures, and an empanelled Chartered Accountant reviews and signs the report. We name that professional on your order.

What is a cost audit and who signs it?

A cost audit under section 148 of the Companies Act examines cost records for specified industries above prescribed turnover limits. It must be conducted by a Cost and Management Accountant, not a Chartered Accountant, and is filed in Form CRA-3 and CRA-4.

Read next: LLP vs Private Limited vs OPC vs Proprietorship: Which Structure Should You Choose in 2026?

Ready to start statutory audit (companies act)?

Message us on WhatsApp with the service name, or request a callback. We confirm the price, list the documents and get going the same day.

  • Callback within 2 working hours
  • Fixed price quoted before any work
  • Every return reviewed by a CMA or CA