Statutory audit is a legal requirement for most companies in India — but the quality of the audit determines whether it is merely a compliance exercise or a genuine health check on your financial reporting. At PJRJ, Companies Act statutory audits are conducted under applicable Ind AS/AS standards by partners with Big 4 training. We also support related financial assurance assignments such as LLP audits, partnership/proprietorship audits where engaged, trust/society/NGO audits, limited reviews, and special-purpose financial statements — scoped clearly in the engagement letter.
Who it's for
- Private and public limited companies requiring annual statutory audit
- LLPs and firms needing financial statement audit or certification
- Subsidiaries and holding companies with consolidated reporting obligations
- Businesses preparing for bank funding, investor diligence, or IPO readiness
- Companies seeking an audit firm that provides partner attention and actionable feedback
Deliverables
- Audit planning memorandum and risk assessment tailored to your business
- Testing of key balances, transactions, and disclosures per applicable standards
- Review of internal controls relevant to financial reporting
- Statutory audit report and CARO/ICFR reporting where applicable
- Limited review or special-purpose financial statement reports when scoped
- Management letter highlighting process gaps, risks, and improvement areas
Our approach
- 1Understand your business model, industry risks, and prior-year issues
- 2Plan the audit around material accounts and high-risk areas — not generic checklists
- 3Conduct fieldwork with minimal disruption to your finance team
- 4Discuss findings with management before finalising the audit report
- 5Support post-audit queries from banks, investors, or regulators if needed
Our partners trained at PwC and Deloitte. You get the same technical rigour applied to mid-market and growth-stage businesses — with direct partner involvement, clear timelines, and recommendations you can actually implement.
We conduct statutory and related financial audits for entities headquartered in Delhi, Gurgaon, and across India — with on-site visits across NCR and remote coordination for outstation branches where appropriate.
A Companies Act statutory audit in Delhi NCR is not a PDF of last year’s report with a new date. Planning starts from the entity’s reporting framework, going-concern facts, related-party map, and whether inventory or revenue cut-off actually moves the opinion. We will not accept a trial balance two days before the AGM clock and still promise an unmodified report.
Fieldwork from Uttam Nagar or Sector 48 covers books, bank, revenue, purchases, and statutory dues as scoped. UDIN is affixed on the report we actually signed. If a lender wants a “comfort letter” that is not an audit, we will name that product separately — we do not smuggle it into SA 700 language.
What this engagement is not
- Not a tax audit (Form 3CA/3CB–3CD) — that is a separate appointment when 44AB / the 2025 parallel applies.
- Not internal audit; we will not audit controls we designed in the same year without an independence conversation.
- Not a promise of a clean report written into the engagement letter.
Statutory Audit FAQs
Yes. The registered office can be anywhere in India; planning meetings are in Delhi or Gurgaon, with site visits where inventory or operations require them.
Discuss your statutory audit requirements
Speak directly with a PJRJ specialist — we respond within one business day.