Statutory Audit
Ensuring financial statements give a true and fair view in compliance with GAAP, Companies Act, and ICAI Standards on Auditing.
Scope & Practice Overview
Statutory Audit is a legal obligation designed to ensure that financial statements present a 'true and fair' view of an organization's financial condition and operating results. At CSNR & Associates, our statutory audit practice operates in strict alignment with ICAI's Standards on Quality Control (SQC-1) and the Indian Accounting Standards (Ind AS / AS).
We combine deep analytical procedures, risk-based sample testing, and thorough verification of internal financial controls (IFC) over financial reporting. Our team assesses compliance with accounting policies, statutory disclosures under the Companies Act 2013, and applicable industry-specific regulatory guidelines.
Through our structured audit programmes, we deliver comprehensive Independent Auditor's Reports that enhance the credibility of financial data for stakeholders, lenders, regulatory authorities, and shareholders.
Who This Service Is For
- Public and Private Limited Companies incorporated under the Companies Act
- Entities requiring mandatory statutory review under banking covenants
- Section 8 companies, societies, and registered charitable institutions
- Enterprises seeking credible financial reports for institutional credit appraisal
Our Structured 4-Step Approach
Audit Planning & Scope
Evaluating business environment, materiality thresholds, and statutory reporting parameters.
Risk Assessment & Controls
Scrutinizing internal financial control mechanisms, ERP logs, and authorization matrices.
Substantive Field Testing
Execution of voucher verification, balance confirmations, asset physical testing, and statutory registers.
Audit Reporting & Discussion
Deliberation with management, addressing observations, and issuing signed Independent Audit Reports.
Key Outputs & Deliverables
Other Practice Areas
Directly consult with CA Janga Narender Reddy regarding statutory applicability, turnover limits, or compliance roadmaps.
Practice compliant with ICAI SQC-1 quality standards, qualified for corporate and public sector assurance.
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