Statutory Audit Services
Statutory Audit Services
Ensuring Compliance. Building Trust. Enabling Growth.
At PRAGS GROUP, our Statutory Audit services are designed not just to meet legal requirements but to add value through insights and improvements. We work with startups, MSMEs, and IT businesses to ensure accurate financial reporting, regulatory compliance, and stakeholder confidence
What is a Statutory Audit?
A Statutory Audit is a legally required review of the accuracy of a company’s financial statements and records. It ensures that the company is presenting a true and fair view of its financial position and is in compliance with applicable laws, including:
- Companies Act, 2013
- Income Tax Act
- GST Laws
- ICAI Standards on Auditing
Our Process
01
Pre-Audit
Review
- Understand business structure and compliance history
- Identify key risk and focus areas
02
Detailed Audit Execution
- Data validation, transaction testing, ledger scrutiny
- Control check and statutory compliance assessment
03
Reporting & Insights
- Statutory Audit Report as per Companies Act
- Financial insights and recommendations for improvement
04
Post-Audit Support
- Filing support with ROC, MCA, and other statutory bodies
- Assistance in board meeting documentation and disclosures
Our Statutory Audit Coverage
- Examination of Books of Accounts
- Verification of Assets & Liabilities
- Compliance with Applicable Accounting Standards (Ind AS/AS)
- Review of Financial Statements (Balance Sheet, P&L, Notes to Accounts)
- Tax Compliance (GST, TDS, Income Tax)
- Reporting as per Companies Act & Auditor’s Report Rules
- Support during ROC filings & annual return documentation
Who Needs a Statutory Audit?
Private Limited Companies
Audit, compliance, and financial advisory services tailored for private limited companies.
Limited Liability Partnerships (LLPs)
(with turnover > ₹40 lakh or contribution > ₹25 lakh)
Startups
Startups seeking funding or regulatory certifications
MSMEs
MSMEs above audit thresholds
IT/Tech Firms
IT/Tech Firms scaling up or undergoing due diligence
Why Prags Group?
- Specialized in tech-first businesses and MSMEs
- Audit approach aligned with startup scalability and investor needs
- Experienced auditors with deep regulatory and tax knowledge
- Strict adherence to ICAI guidelines and compliance timelines
- Clear, transparent, and easy-to-understand reports
PRAGS GROUP
WHY PRAGS GROUP?
- Experienced Team of CAs, internal auditors, and risk consultants
- Customized Solutions tailored to your industry and business size
- Confidentiality & Integrity at every stage of the audit
- Post-Audit Support to strengthen internal systems
- Technology-Oriented audit tools for better accuracy
Looking for Reliable Statutory Audit Support?
Let PRAGS GROUP help you stay compliant, audit-ready, and investor-friendly.
Get in touch today for a consultation.
Address
D-91, Sector 27, Noida (UP)
Info@pragsgroup.com
Phone
+91 8447786363