Statutory Audit
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Statutory Audit
Ensuring Compliance, Transparency, and Financial Integrity
Statutory Audit is a mandatory requirement for companies under the Companies Act, 2013, aimed at assessing the fairness and accuracy of an organization’s financial statements. Conducted by an independent Chartered Accountant, this audit ensures that a company’s financials comply with all applicable laws, standards, and reporting obligations.
At SSKS & Associates, we offer comprehensive statutory audit services in Pune tailored to suit the specific needs of private limited companies, LLPs, and other entities. With deep domain expertise and a client-focused approach, we help businesses maintain transparency, accountability, and compliance.
What is a Statutory Audit?
A statutory audit is a legally mandated financial audit conducted annually to assess whether a company’s financial statements present a true and fair view of its financial position. It includes review of:
Balance Sheet
Profit & Loss Account
Cash Flow Statement
Notes to Accounts
Internal Controls & Compliance
Types of Audit Opinions Issued
Unqualified (Clean) Opinion: Financials are fair and compliant.
Qualified Opinion: Minor exceptions or issues exist.
Adverse Opinion: Major inaccuracies or non-compliance found.
A statutory audit improves stakeholder confidence and strengthens a company’s financial governance.
Why Choose SSKS & Associates for Statutory Audit in Pune?
Our team includes highly qualified Chartered Accountants with years of audit expertise across diverse sectors including manufacturing, IT, services, retail, and NGOs.
Independent and Objective Audit ApproachWe maintain full independence during our audit engagements, offering unbiased, transparent assessments in line with professional standards.
Risk-Based & Detailed Audit MethodologyWe adopt a risk-based approach to focus on critical financial and control areas, helping identify potential weaknesses and ensuring better financial accuracy.
Timely & Efficient ExecutionWe ensure timely delivery of audit reports with zero compromise on quality, helping you stay compliant without disrupting your business operations.
Client-Centric ServicesOur audit plans are tailored to the specific structure and complexity of your business, ensuring a smooth and insightful experience.
Our Statutory Audit Process
1. Understanding Your Business
We study your business model, processes, internal controls, and industry environment to tailor our audit strategy.
2. Audit Planning
We prepare a detailed audit plan covering scope, timelines, and high-risk areas, ensuring a focused and effective audit.
3. Internal Controls Evaluation
We assess your internal controls and accounting systems to check for gaps, risks, or process inefficiencies.
4. Substantive Testing
We verify books of accounts, trial balances, bank statements, ledgers, receivables, payables, inventories, etc.
5. Analytical Procedures
We analyze financial trends, variances, and ratios to detect unusual patterns or anomalies that warrant investigation.
6. Legal & Regulatory Compliance
We check for compliance with the Companies Act, 2013, Income Tax Act, Accounting Standards, and other relevant laws.
7. Reporting & Audit Opinion
After completing the audit, we issue a report outlining our observations and giving an opinion on your financial statements.
8. Management Discussion
We conduct a detailed review meeting to discuss audit findings, recommend corrective measures, and support improvements.
Our Statutory Audit Services Include:
Statutory audit as per Companies Act, 2013
Independent audit for LLPs and private limited companies
Review and verification of books of accounts and internal records
Assistance with audit planning, checklists, and documentation
Finalization of audit reports with audit opinion
Advisory on compliance, financial controls, and risk mitigation
Industry-specific audits tailored to sectoral needs
Guidance for tax audits and limited reviews (if applicable)
Who Needs a Statutory Audit?
Statutory audits are mandatory for:
All companies registered under the Companies Act, 2013
LLPs with turnover > ₹40 lakhs or capital contribution > ₹25 lakhs
Entities requiring audit under other laws or regulatory bodies (SEBI, RBI, etc.)
Let SSKS & Associates Be Your Trusted Statutory Auditor in Pune
Whether you are a startup, growing SME, or established company, SSKS & Associates offers reliable, accurate, and timely statutory audit services that strengthen compliance, build stakeholder trust, and unlock financial clarity.
We bring a combination of technical expertise, industry insights, and a client-first mindset to every audit engagement, ensuring your business remains legally compliant and audit-ready at all times.