Statutory AuditExpert Statutory Audits: The Key to Risk Mitigation and Growth
Enhance your business practices and build trust with Stakeholders
Get a Clear Picture of Your Business Health with Our Statutory Audit ServicesWe believe that statutory audits are not a necessary burden, but an opportunity to enhance your business practices and build trust with your stakeholders - and our services reflect that philosophy
At Kantilal Patel & Co, we provide expert statutory audit services that can help you gain a clear picture of your business health and comply with regulatory requirements.
As a dynamic Indian chartered accounting firm, we understand the importance of maintaining financial transparency and accountability. Our comprehensive audit services help businesses belonging to various sectors and industries comply with regulatory requirements and maintain financial integrity.
Our statutory audit services include Financial Statement Audits, Limited Reviews, Compliance Audits, and Special Purpose Financial Statements. Our team is committed to providing high-quality services that meet our clients’ needs. We use the latest tools and techniques to ensure that our audits are thorough, objective, and independent.
Comprehensive examination services
Financial Statement Audit
An audit of financial statements is conducted to enable the auditor to express an opinion whether the financial statements are prepared, in all material respects and in accordance with an applicable financial reporting framework. Our skilled auditors perform an in-depth examination of the financial records, transactions, and internal controls to provide an objective and autonomous opinion on the financial statements. This helps improve the accuracy and completeness of financial statements.
Limited Review
A Limited Review is a type of audit that provides a moderate level of assurance on the financial statements of an organization. In a Limited Review, we perform analytical procedures and inquiries to gain an understanding of the organization’s financial statements and to identify any material misstatements. It improves your credibility and trust with stakeholders.
Compliance Audit
We conduct compliance audits to ensure whether businesses comply with the relevant laws and regulations made thereunder and various orders and instructions issued by the competent authority. Our compliance audit services are designed to help businesses identify probable areas of risk and develop effective strategies to mitigate them. Our team can guide you in identifying regulatory requirements, developing compliance programs, and conducting regular compliance audits.
Special Purpose Financial Statements
Special Purpose Financial Statements are financial statements that are prepared for a specific purpose or intended user and are not necessarily intended for general use or distribution. Our audit process involves a thorough review of our clients’ financial statements, including all relevant supporting documentation and underlying transactions. It is generally prepared for a specific entity, project, or transaction and is often used for regulatory or contractual purposes..
Our Approach
At Kantilal Patel & Co, we follow a structured approach to statutory audits that are designed to ensure that we deliver high-quality services to our clients. Our audit methodology includes planning, risk assessment, testing, and reporting. We use the latest audit tools and techniques to ensure that our audits are objective, independent, and in accordance with relevant accounting standards.
Our Team
Our team of experienced auditors has a deep knowledge of regulatory requirements and the latest accounting standards. We provide ongoing training to our team to ensure that they are up-to-date with the latest accounting standards, audit techniques, and regulatory requirements. We are committed to providing high-quality audit services to our clients.
Why Choose Us
We understand the importance of maintaining financial transparency and accountability, and we are committed to providing high-quality audit services to our clients. Our team has a deep understanding of the regulatory environment and can help businesses comply with regulatory requirements and maintain financial integrity. We use the latest audit tools and techniques to ensure that our audits are thorough, objective, and independent.