Best professionals offering statutory audit services in Bengaluru

Statutory Audit

Statutory audit is a mandatory audit that companies must undergo annually to ensure compliance with the provisions of the Companies Act.

The auditor's primary responsibility is to ensure that the company's financial statements are accurate and comply with the accounting standards.

Professional Requirements

To perform a statutory audit, the auditor must have a Chartered Accountant (CA) certification from the Institute of Chartered Accountants of India (ICAI).

The auditor must also have a minimum of 3 years of experience in conducting statutory audits.

Recommended Accreditations and Certifications

The auditor should have a certification in Information Systems Audit and Control Association (ISACA) or Certified Information Systems Auditor (CISA).

Choosing the Best Service Provider

When choosing a statutory audit service provider, consider the following factors:

• Experience in conducting statutory audits
• Certifications and accreditations
• Professional reputation and expertise

Questions to Ask the Auditor

• What is your experience in conducting statutory audits?
• Do you have any certifications or accreditations in auditing?
• What is your approach to conducting a statutory audit?

Average Prices

The average daily fee for a statutory audit in Bengaluru is ₹5,000.

The fee varies depending on the complexity of the audit and the size of the company.

Requesting a Quote

To request a quote for a statutory audit, provide the following information:

• Company details
• Financial statements
• Previous audit reports

The service provider will then provide a quote based on the complexity of the audit and the size of the company.

Fees for Statutory Audit freelancers

The average daily fee for the experienced freelancers is ₹4,500.

The fee varies depending on the city in which the are located. For instance, the average daily for a Statutory Audit in Bengaluru is ₹5,000 while in Mumbai is ₹6,000 or in Chennai is ₹4,500.