A Statutory Audit is a legally mandated, independent examination of a company's financial statements by an external CA — its primary purpose is to give shareholders and regulators assurance of a true and fair view. An Internal Audit is a management tool — conducted to evaluate internal controls, detect fraud, and improve operational efficiency. It may be carried out by an external CA firm like ours and is not mandatory for all businesses, though strongly advisable.

For companies with FY ending 31st March, the Statutory Audit must be completed and financial statements adopted at the AGM within 6 months — by 30th September. Audited financials must be filed with ROC via Form AOC-4 within 30 days of the AGM. We plan well in advance so your audit is always completed before the AGM — never after.

The mandatory GST Audit under Section 35(5) was removed from FY 2021-22. However, GSTR-9C reconciliation remains mandatory for businesses with aggregate turnover exceeding ₹5 Crore. The GST Department can still initiate a departmental audit under Section 65. We recommend proactive GST reconciliation for all businesses to avoid notices and ITC mismatches.

Yes. We not only conduct GST Audits and reconciliations but also provide full representation before the GST Department in Vadodara and Gujarat. If you have received a Show Cause Notice, a demand for ITC reversal, or any other GST notice, our team will prepare your reply, file the necessary responses, and represent you in GST hearings.

For a small Private Limited Company with well-maintained books, a Statutory Audit typically takes 2–4 weeks from the date all documents are submitted. Larger companies with complex transactions may take 6–8 weeks. We provide a clear timeline during onboarding and begin immediately — your ROC and ITR filing deadlines are never at risk.