Statutory audit
At Pratapkaran Paul & co, Chartered Accountants, we provide comprehensive and result-oriented statutory audit services in India tailored to meet the specific compliance requirements of companies under various laws, including the Companies Act, 2013, LLP Act, and sector-specific regulations. Our audit methodology is designed not only to satisfy legal obligations but also to enhance financial transparency, improve governance structures, and reinforce stakeholder confidence.
Our team of experienced statutory auditors conducts an in-depth examination of an organization’s financial statements, business records, internal control systems, and accounting policies to ensure that they present a true and fair view of the company’s financial position. We follow Indian Accounting Standards (Ind AS), International Financial Reporting Standards (IFRS), and Standards on Auditing (ISA) to maintain the highest level of audit accuracy and integrity.
As a trusted audit firm in India, Pratapkaran Paul & co goes beyond basic compliance. We deliver insights that help management identify operational inefficiencies, mitigate financial risks, and make informed strategic decisions. Whether you’re a large enterprise, a mid-sized business, or a growing startup, our tailored statutory audit solutions are aligned with your business model, industry dynamics, and risk profile.
We serve a diverse clientele across sectors including manufacturing, real estate, financial services, education, NGOs, and technology. Our audits are driven by strong ethics, regulatory knowledge, and a commitment to excellence—making us one of the top audit and assurance firms in India.
Statutory Audit of Companies (Standalone & Consolidated Financials)
- Assessment of internal controls and financial reporting systems
- Verification of books of account, ledger balances, and accuracy of disclosures
- Identification of material misstatements and risk exposures
- Recommendations to improve governance and regulatory alignment
Statutory Audit of LLPs (Limited Liability Partnerships)
- Examination of capital contributions and profit-sharing mechanisms
- Assessment of financial integrity and operational transparency
- Review of compliance with LLP Act provisions and internal agreements
- Risk-based audit approach tailored to partnership dynamics
Audit of Charitable Trusts (under Income Tax Act)
- Review of donations, grants, and application of income to charitable purposes
- Validation of corpus funds, capital expenditures, and endowment compliance
- Advisory on fund management in line with income tax guidelines
- Assessment of controls over financial and administrative activities
IFRS & Ind AS Compliance Advisory
- Assistance in transition to or maintenance of financials under IFRS/Ind AS
- Review of complex areas such as leases, revenue recognition, and fair valuation
- Comparative gap analysis between current GAAP and new standards
- Tailored advisory for cross-border reporting and global investor expectations
Limited Review of Financial Statements (Special Purpose Reviews)
- Review of interim financial statements for decision-making or external reporting
- Analytical procedures to detect inconsistencies and unusual trends
- Tailored reviews for business restructuring, valuations, or investor reporting
- Assurance solutions for specific events like mergers, acquisitions, or due diligence
International Group Reporting & Consolidation Support
- Coordination of group audit processes across multiple jurisdictions
- Assistance in aligning reporting formats and timelines with parent companies
- Review of inter-company transactions and eliminations
- Ensuring consistency with global reporting requirements and audit trails