Audit & Assurance

Statutory Audit (Companies Act 2013)

Our statutory audits go beyond compliance — they validate your organisation’s credibility, governance, and financial integrity under the Companies Act, 2013.

Overview

Our statutory audits adhere to the highest professional benchmarks, ensuring quality and consistency. We conduct every audit in accordance with the Companies Act, 2013, and the Standards on Auditing (SAs) issued by the Institute of Chartered Accountants of India (ICAI). These standards define our audit scope, documentation quality, and reporting responsibility—ensuring independence, integrity, and uniform assurance across every engagement. Each assignment is designed to meet not just compliance expectations, but also the confidence benchmarks of investors, regulators, and management alike.

We also follow the ICAI Guidance Note on Audit Documentation & Reporting, Schedule III (Revised) for financial presentation, and Quality Management Standard (QMS 1) for assurance quality. These frameworks together guarantee that every audit we perform is ethical, evidence-based, and globally compliant. Our audit teams combine analytical precision with practical insight to identify control gaps and process improvements. Each engagement concludes with transparent communication and actionable recommendations, ensuring the audit adds real organisational value and strengthens long-term governance.

Every audit we undertake reflects our core philosophy — accuracy with accountability. We aim to create clarity for management, confidence for stakeholders, and compliance for regulators. The result is a reporting environment that inspires trust, supports decisions, and upholds the highest standards of financial integrity.

Our Approach

Our audit methodology is designed to provide depth, precision, and value beyond compliance. Each engagement follows a structured, risk-based process that links every test to material significance and business relevance.

We begin with comprehensive planning, understanding your organisation’s operations, internal control structure, and external environment. A tailored audit plan is then developed to focus on high-risk areas and key control touchpoints. During control testing, we evaluate the design and operating effectiveness of internal systems, supported by walkthroughs and substantive validation.

Our substantive and analytical procedures include transaction tracing, variance analysis, and data pattern reviews to identify inconsistencies or red flags. Findings are translated into measurable insights that management can act upon with confidence.

The final phase is reporting and insight delivery, where we communicate conclusions transparently and recommend practical improvements. The result is a process that combines technical compliance with governance value — ensuring that the audit not only meets statutory expectations but also strengthens the organisation’s financial credibility.

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A Statutory Audit with Sathvik S & Co goes beyond verification—it builds confidence, transparency, and trust. Our audits help management strengthen governance, streamline compliance, and enhance financial credibility. Each engagement is designed to provide clarity, detect risks early, and turn insights into actionable improvements.

We deliver value through precision, transparency, and accountability. Our findings are clear, evidence-backed, and aligned with your business realities, enabling leaders to make informed, timely decisions. The result is sustainable audit readiness, stronger stakeholder confidence, and a foundation of reliability that supports long-term growth.

Every Statutory Audit engagement concludes with a professional, regulator-ready assurance package. We provide an Independent Audit Report under Section 143 of the Companies Act, 2013, supported by a Management Insight Note summarizing observations, compliance findings, and process improvements.

Additionally, clients receive an Internal Control Review Summary and, when applicable, a Governance Health Snapshot for leadership review. Each deliverable is concise, documented, and defensible—ensuring that your audit outcome is both compliant and meaningful for decision-making and transparency.

Our statutory audits adhere to the highest professional benchmarks, ensuring quality and consistency. We conduct every audit in accordance with the Companies Act, 2013, and the Standards on Auditing (SAs) issued by the Institute of Chartered Accountants of India (ICAI).

We also follow the ICAI Guidance Note on Audit Documentation & Reporting, Schedule III (Revised) for financial presentation, and Quality Management Standard (QMS 1) for assurance quality. These frameworks together guarantee that every audit we perform is ethical, evidence-based, and globally compliant.

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