Statutory Audit, ROC Compliance & Secretarial Services India

• Statutory audit: every company must have its accounts audited each year under the Companies Act, whatever its size. LLPs need an audit only above the prescribed turnover or contribution thresholds.
• Tax audit: under Section 63 of the Income-tax Act, 2025 (formerly section 44AB), where turnover or receipts exceed the thresholds, or where lower presumptive profits are declared.
• Internal audit: mandatory for certain classes of companies above prescribed turnover, borrowing or deposit thresholds, and good practice for many others.
• CARO reporting: the auditor's report includes matters under the Companies (Auditor's Report) Order for most companies, with exemptions for some small private companies.

Figures and timelines above reflect our understanding at the time of writing; confirm against the latest Act, Rules and notifications before relying on them.

Audits go faster and cheaper when the books are closed properly: bank, GST and TDS reconciliations done, fixed asset register updated, related-party transactions identified and approved, and board minutes complete. We help businesses prepare schedules and supporting documents before the auditor arrives, and fix the issues that produce qualifications year after year.

Auditor independence rules mean the same firm cannot always both audit and provide certain other services to a company. Where that applies, we act as the preparation and advisory side and coordinate with your statutory auditor.

The first auditor of a company is appointed by the board within the prescribed time after incorporation, and subsequent auditors at the AGM, with intimation to the Registrar in Form ADT-1. The audited financial statements are then filed with the ROC in Form AOC-4. See Pvt Ltd annual compliance for the full calendar.