Statutory Audit Services
True and fair financial reporting that meets the standards of the Companies Act 2013.
Statutory Audit: More Than Just a Legal Requirement
In India, a statutory audit is a legally required review of your business's financial statements to determine whether you have presented a true and fair view of your financial position. All the Companies and other business with certain thresholds required to go through a Statutory Audit annually.
The main objective of a statutory audit is to maintain transparency, accountability and compliance with regulatory frameworks - thereby strengthening stakeholder confidence.
Whether it is for private limited companies, public limited companies or Section 8 companies - a statutory audit is not just a regulatory formality, it is an must-needed tool for risk management, fraud detection and business credibility.
At MSA, we conduct statutory audits with precision - ensuring Companies Act compliance, industry-specific insight and clear reporting, helping strengthen internal controls, reduce risk and present reliable financials to stakeholders.
Through statutory audits, we also help you address gaps to provide clean, credible financials that banks, investors and regulators can trust.
Why Do You Need a Statutory Audit?
- It's a Legal Requirement: All the Companies and other business with certain thresholds must undergo a statutory audit under the respective statues.
- To Gain Investor Confidence: Audited financials always provide assurance to investors, thus making it easier to bring in more capital or strategic partners.
- For Loan & Creditworthiness: Banks and lenders heavily consider audited statements before approving loans or for even enhancing credit limits.
- Internal Risk Management: Most statutory audits often reveal operational or financial flaws that you may not have noticed in your everyday transactions.
Our Statutory Audit Services
We don't just tick boxes. We bring clarity, structure and strategic insight to your statutory audit process, so you're always ahead of the curve, never scrambling to catch up. Here's how we make it effortless for you:
End-to-End Audit Execution
From planning and documentation to audit reporting and MCA filings, we handle the complete audit lifecycle with precision and professionalism.
Risk-Based Audit Approach
Our experts here at MSA help you to identify high-risk areas early and design audit procedures that focus on what matters most, protecting your business from financial misstatements, non-compliance or penalties.
Transparent Financial Reporting
We make sure that your financial statements reflect a true and fair view, aligned with Ind AS / AS, Companies Act, 2013 and relevant regulatory frameworks.
Documentation & Record-Ready Audit Files
We maintain organized working papers and documentation that not only meet audit standards but stand strong during scrutiny or regulatory review.
Stakeholder-Focused Audit Reports
We deliver audit reports that are clear, honest and ready to be shared with directors, investors, lenders or anyone who needs a transparent view of your financial health.
Support During Third Party Queries
Got questions from regulators or third-party auditors? We step in to draft responses, provide explanations and help you close the loop quickly and accurately.
Periodic Review & Advisory
We offer periodic reviews and advice to help you stay compliant and audit-ready throughout the year - not just at year-end.
Why Choose MSA?
Choosing the right auditor matters. You need a certified partner who understands your business, spots the gaps and helps you stay audit-ready - not just once a year, but always.
We understand your industry
Every business is different. That is why we tailor our audit process based on your sector - IT, manufacturing, e-commerce, education or retail - nothing gets missed.
We spot what others overlook
Our audits don't just check the basics. We look for gaps, missed entries or risks that could cause trouble later - so you're always prepared.
You get quality without overspending
We offer a clean, cost-effective audit that fits your business stage. You get what you need - without going overboard on time or money.
Your reports are ready for anyone
Whether it is for your board, a lender or a regulator - we prepare audit files that are clear, tidy and easy to share when needed.
Know When Do You Need A Statutory Audit
If you are running a business, it is not always clear whether you need a statutory audit. That's where most companies get confused.
For instance, if your private limited company crosses ₹2 crore in turnover or has borrowed over ₹1 crore, then yes - you have to do an audit under the Companies Act, 2013. The same holds true for LLPs that go beyond ₹40 lakh in turnover or ₹25 lakh in capital. And it is not just companies - NGOs, registered societies and even foreign subsidiaries often fall under audit rules too, depending on their activities.
Get Your Statutory Audit Done Right
At MSA, we go beyond compliance. We deliver audits that protect your reputation, improve stakeholder trust and support smarter financial decisions. Whether you're preparing for regulatory scrutiny or simply seeking peace of mind (to stay on the right side of the law), we're here to guide you every step of the way.
Let's make your audit process seamless, structured and stress-free. Get in touch with our audit experts today.
Our Key Experts For Statutory Audit
CA Mukunda
Areas of Specialisation:
- Statutory Audit
- Operational KPIs Audit
- Workflow Automation
- Management Audit
CA Shiva Prakash H S
Areas of Specialisation:
- Internal Control Evaluation
- Process & Risk Assessment
- Management & Policy Advisory
- Bank Audit, Documentation
CA Shubha Shankar
Areas of Specialisation:
- Audit of Business Operations
- System Audit, Internal Control
- Sector-Specific Due Diligence
- Cybersecurity & Access Controls
CA Mani Thoka
Areas of Specialisation:
- Tax Audit, Compliance
- Due Diligence, Legal
- Governance & Compliance
- Loan & Credit Assessment