Access to Books and Information
The auditor has the right to access books of accounts, vouchers, and financial records at all times. They can also seek necessary information from company officers to ensure a true and fair audit report.
Audit & Assurance
Statutory Audit Services in Hyderabad
Nurturing Financial Integrity Through Expert Statutory Audits. A statutory audit is a legally mandated review of a company's financial statements to verify accuracy and compliance.
What is a Statutory Audit?
A statutory audit is a legally mandated review of a company's financial statements to verify accuracy and compliance. It ensures that an organization presents a true and fair view of its financial position by examining bank balances, accounting records, and financial transactions. At AXIAFIN, we offer statutory audit services in Hyderabad to help businesses stay compliant with the Companies Act, 2013 while ensuring transparency and accountability.
Statutory Audit Under the Companies Act, 2013
Sections 139 to 147 of the Act outline detailed provisions related to audit and auditors. Section 139 mandates the appointment of a qualified auditor or CA firm. Section 141 defines eligibility criteria for statutory auditors. Section 143 details the powers and duties of auditors, including preparation of the statutory audit report. Our team of chartered accountants in Hyderabad ensures that your business fully complies with all statutory audit provisions and reporting standards.
- Section 139 — Appointment of qualified auditor or CA firm
- Section 141 — Eligibility criteria for statutory auditors
- Section 143 — Powers and duties of auditors, including audit report
Key Advantages
Main Provisions Regarding Statutory Audit
Reporting Duties (Section 143)
The statutory auditor must report to the company's members whether financial statements reflect an accurate and fair view of the company's financial health. Any discrepancies must be clearly stated in the audit report.
Compliance and Standards
Auditors must comply with prescribed auditing standards, ensuring that all statutory audit services maintain quality and reliability.
Reporting Fraud
If any fraud is detected or suspected, auditors are required to report it to the Central Government, ensuring transparency and compliance with law.
Why AXIAFIN
Why Choose AXIAFIN for Statutory Audit Services in Hyderabad
At AXIAFIN, our statutory audit firm in Hyderabad ensures that your organization adheres to every legal and financial requirement. We provide: Detailed statutory audit reports, Expert guidance on Companies Act compliance, Assistance with financial statement preparation, and Ongoing advisory for audit and assurance services. Our commitment to accuracy, integrity, and transparency has made us one of the best statutory audit firms in Hyderabad.
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The Process
How we deliver
01
Engagement Letter
Define scope, timelines, and statutory audit deliverables.
02
Books & Records Review
Detailed examination of bank balances, vouchers, and ledgers.
03
Compliance Testing
Verify adherence to Companies Act 2013 and audit standards.
04
Draft Report
Prepare statutory audit report with observations and findings.
05
Final Sign-off
File audit report with the company members and ROC where applicable.
Ensure Transparency and Compliance with Expert Statutory Audits
Take the first step toward financial accuracy and legal compliance with AXIAFIN, your trusted partner for statutory audit services in Hyderabad.