Statutory Audit Coordination and Support
A clean, timely statutory audit starts with well-prepared books. SS Marks prepares your financials, schedules and working papers — so auditors can complete the engagement without delays.
Audit preparation complete before your auditor arrives.
Every company incorporated under the Companies Act must have its annual financial statements audited by a Chartered Accountant. The audit must be completed and audited financials filed with MCA (Form AOC-4) within 60 days of the AGM. Contact us to know the exact pricing for your requirement.
What we need from you
- Tally / accounting software data for the financial year
- Bank statements and bank reconciliation for all accounts
- Fixed asset register and depreciation schedule
- Loan and borrowing agreements
- Contact us to know the exact pricing for your requirement.
- Tax computation and advance tax payment records
How we handle this for you
Books finalisation
Trial balance reviewed; year-end adjustments (depreciation, provisions, accruals) posted. Final ledger closed.
Schedule preparation
Financial statement schedules — Share Capital, Reserves, Fixed Assets, Loans, Trade Receivables etc. — prepared and mapped to the trial balance.
CARO 2020 working papers
CARO 2020 reporting points documented — fixed assets, loans, investments, internal control assessment — and provided to the auditor.
Auditor coordination
We respond to auditor queries, provide supporting documents and resolve observations promptly to minimise audit turnaround time.
Frequently asked questions
Is statutory audit mandatory for all companies?
Yes. Every company incorporated under the Companies Act — Private Limited, Public Limited, OPC — must have its financial statements audited by a Chartered Accountant, regardless of turnover.
What is CARO 2020?
Contact us to know the exact pricing for your requirement. Contact us to know the exact pricing for your requirement.
What is the deadline for statutory audit?
The audit must be completed before the AGM. For a March financial year-end company, the AGM must be held by 30 September — making the effective audit deadline early September. Audited financials must be filed with MCA (AOC-4) within 60 days of the AGM.
Can the same CA firm handle bookkeeping and statutory audit?
No. Independence requirements under the Companies Act and ICAI guidelines prohibit a CA from auditing the books they prepared. SS Marks provides bookkeeping as a separate service, and the statutory audit is conducted by an independent appointed auditor.
What are the consequences of a delayed or qualified audit?
Contact us to know the exact pricing for your requirement. A qualified audit report raises flags with MCA and banks and may trigger regulatory scrutiny.
Annual audit approaching?
SS Marks will prepare your books and audit working papers — so your auditor can complete the engagement on time.