Statutory Audit Services – Ensuring Compliance & Financial Integrity
At Dixit and Associates Chartered Accountants, we specialize in providing comprehensive Statutory Audit Services to businesses of all sizes, ensuring compliance with legal and regulatory requirements. Our audit services are designed to enhance financial transparency, identify risks, and provide stakeholders with reliable financial information. With a team of highly qualified professionals, we ensure that your financial statements accurately reflect your business performance while adhering to applicable laws and accounting standards.
1. What is a Statutory Audit?
A Statutory Audit is a legally required review of a company’s financial records to ensure accuracy and compliance with regulatory standards. It is conducted by an independent auditor and is mandatory for companies meeting specific criteria under corporate laws. The primary objective of a statutory audit is to ensure that financial statements present a true and fair view of the company’s financial position, mitigating risks associated with financial misstatements.
2. Why Choose Dixit and Associates for Statutory Audit?
- Expertise and Experience
- With years of experience in auditing various industries, our firm has a deep understanding of regulatory frameworks and financial reporting standards. Our auditors are well-versed in international and national accounting standards, ensuring compliance with legal requirements.
- Regulatory Compliance
- Our statutory audit services ensure compliance with the Company Act, tax laws, and industry-specific regulations. We stay updated with the latest regulatory changes, helping your business navigate complex financial requirements with confidence.
- Risk Assessment & Internal Controls
- We identify financial and operational risks, assess internal controls, and provide recommendations to enhance your company’s governance and risk management processes.
- Transparent & Independent Review
- As an independent auditor, we offer an unbiased evaluation of financial records, ensuring stakeholders, investors, and regulatory bodies have confidence in your financial statements.
- Timely Reporting & Compliance
- Timely completion of audits is crucial to avoid penalties and maintain regulatory credibility. We ensure a structured audit process, allowing businesses to meet compliance deadlines without any hassle.
3. Our Statutory Audit Process
A Statutory Audit is a legally required review of a company’s financial records to ensure accuracy and compliance with regulatory standards. It is conducted by an independent auditor and is mandatory for companies meeting specific criteria under corporate laws. The primary objective of a statutory audit is to ensure that financial statements present a true and fair view of the company’s financial position, mitigating risks associated with financial misstatements.
- Planning & Understanding the Business
- Assess company operations, financial structure, and key risk areas.
- Identify applicable laws and compliance requirements.
- Risk Assessment & Audit Strategy
- Evaluate financial risks, material misstatements, and internal controls.
- Develop a tailored audit approach based on company-specific requirements.
- Audit Execution & Verification
- Examination of financial records, transactions, and ledgers.
- Verification of revenue, expenses, assets, liabilities, and tax compliance.
- Final Audit Reporting & Compliance Advice
- Preparation of audit reports with findings and recommendations.
- Assist management with improvements in financial processes and compliance measures.
4. Industries We Serve
Our statutory audit services cater to a wide range of industries, including:
- Manufacturing & Trading
- Financial Institutions
- Healthcare & Pharmaceuticals
- Real Estate & Infrastructure
- Hospitality & Tourism
- Agri-business & FMCG
5. Get in Touch with Us
At Dixit and Associates Chartered Accountants, we are committed to providing reliable, transparent, and value-driven statutory audit services. Let us help you ensure financial integrity and regulatory compliance for your business.
Contact us today to discuss your audit requirements and secure the financial health of your business.