Statutory Audit

Ensuring Legal Compliance and Financial Accuracy

Statutory audits are mandatory for businesses to ensure compliance with legal and regulatory requirements. Mera Registration offers expert statutory audit services to help businesses maintain financial transparency, adhere to statutory obligations, and build stakeholder confidence. Our team of professional auditors ensures that financial statements reflect a true and fair view of a company’s financial position in accordance with applicable laws.

What is a Statutory Audit?

A statutory audit is a legally required review of a company’s financial statements and records to verify compliance with laws and regulations. It is conducted by an independent auditor who examines financial reports to ensure accuracy, transparency, and adherence to applicable accounting standards such as Indian Accounting Standards (Ind AS)

Who Needs a Statutory Audit?

In India, statutory audits are required for:

• Companies Registered under the Companies Act, 2013
• Limited Liability Partnerships (LLPs) exceeding turnover thresholds
• Banks and Financial Institutions
• Government-Regulated Entities
• Businesses with GST Turnover above Prescribed Limits
• Any entity required by law to undergo financial audits

Scope of Our Statutory Audit Services

Mera Registration provides end-to-end statutory audit services to ensure compliance with legal frameworks and regulatory guidelines. Our services include:

• Review of Financial Statements – Examining profit and loss accounts, balance sheets, cash flow statements, and accounting records.
• Verification of Accounting Records – Ensuring that transactions are recorded accurately and systematically.
• Assessment of Compliance with Laws – Checking adherence to the Companies Act, Income Tax Act, GST laws, and other applicable regulations.
• Internal Control Evaluation – Reviewing internal financial controls and identifying areas for improvement.
• Risk Assessment & Fraud Detection – Identifying financial risks, irregularities, or potential fraud within the organization.
• Preparation of Audit Reports – Issuing statutory audit reports as per the regulatory requirements.
• Assistance with Regulatory Filings – Ensuring timely filing of financial reports with relevant authorities such as MCA and SEBI.

Benefits of Statutory Audit Services

Partnering with Mera Registration for statutory audits offers businesses multiple benefits:

✅ Regulatory Compliance – Avoid penalties and legal consequences by ensuring compliance with government laws and regulations.
✅ Financial Transparency – Gain investor confidence with well-audited financial statements.
✅ Risk Identification & Fraud Prevention – Detect financial mismanagement and mitigate potential risks.
✅ Improved Internal Controls – Strengthen financial systems and accounting processes.
✅ Enhanced Business Credibility – Build trust among stakeholders, investors, and financial institutions.

Our Statutory Audit Process

We follow a structured and meticulous approach to statutory audits to ensure efficiency and accuracy:

1. Understanding Business & Legal Framework

• Gathering financial data and legal documents.
• Identifying key compliance areas specific to the industry.

2. Planning & Risk Assessment

• Conducting risk analysis to identify areas requiring deeper scrutiny.
• Developing a customized audit plan.

3. Execution of Audit Procedures

• Reviewing financial transactions, accounting records, and tax filings.
• Evaluating internal controls and governance structures.

4. Audit Reporting & Compliance Certification

• Preparing detailed audit reports with key findings.
• Issuing statutory audit certification as required by law.

5. Post-Audit Support & Advisory

• Providing recommendations for financial and compliance improvements.
• Assisting with tax planning and regulatory filings.

Why Choose Mera Registration for Statutory Audit?

Mera Registration is a trusted audit service provider with years of experience in conducting statutory audits across various industries. Here’s why businesses prefer us:

🔹 Expert Team – Qualified Chartered Accountants and auditors with deep industry expertise.
🔹 Tailored Approach – Customized audit strategies designed to meet specific business requirements.
🔹 Comprehensive Compliance Solutions – End-to-end services covering all aspects of statutory audits.
🔹 Technology-Driven Audits – Use of advanced auditing tools for precision and efficiency.
🔹 Timely Execution – Ensuring compliance with statutory deadlines to avoid penalties.

Get in Touch

Ensure your business stays 100% compliant with statutory regulations. Contact Mera Registration today for professional statutory audit services tailored to your business needs.