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Statutory Audit — illustrative photograph of a business consultation, not a photo of our office or a client

Audit & Assurance

Statutory Audit in Mumbai, Thane & Navi Mumbai

Companies Act statutory audit with CARO reporting by experienced chartered accountants.

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Timeline

2–6 weeks

Fees

On quotation

Documents

4 documents

Before you commit

Is Statutory Audit the right next step for you?

The commercial facts first — who the work is for, what it costs, how long it takes and what you have to arrange. Everything below is specific to statutory audit, not a generic CA brochure.

The short version

  • Statutory Audit is normally taken up by all private and public companies.
  • On quotation. The number moves with entity type, volumes and the state of your records; statutory and portal charges are paid at actuals.
  • Timeline: 2–6 weeks — counted from a complete document set, with third-party processing time on top.
  • Plan for 4 core documents and 4 defined stages, starting with Books of accounts and Bank statements.

Who it is built for

All private and public companies — that is who this page is written for. If your position is materially different, the scope and the fee change with it, so tell us the facts rather than relying on the ranges here.

What usually triggers it

A statutory obligation, a lender's condition or management's own need for assurance over a process is what puts this on the table.

What the work hinges on

Audit evidence is your ledger, bank, asset and inventory records exactly as they stand — not as they are meant to be. For Statutory Audit, that means 4 core documents and a clear picture of your entity and activity.

What you are left with

Legal compliance, credibility with banks, improved controls. Findings become an action list, and the controls behind them are what you carry into the next year.

Scope

What Statutory Audit includes — and what it doesn't

Quotes are only comparable when the deliverables and the exclusions are written down. This is the full picture of what you are buying, what you supply and what sits outside the fee.

What the engagement covers

  • A scoping conversation first, so the document list, the fee and the timeline are agreed before work starts
  • Preparation and internal review of every form, schedule or draft Statutory Audit needs
  • Submission and tracking through to acknowledgement or certificate
  • Replies to queries raised while the matter is being processed
  • A named chartered accountant as your point of contact, on phone, email or WhatsApp

Documents you arrange

  • Books of accounts
  • Bank statements
  • Fixed asset register
  • Previous audit report

What you end up with

  • Legal compliance
  • Credibility with banks
  • Improved controls
  • Working papers, acknowledgements and certificates handed over in one place

Outside this scope

  • Government, registry and portal charges, which are paid at actuals
  • Corrections to earlier periods or filings, quoted separately once we have seen them
  • Processing time at the department or registry, which no adviser controls
  • Any outcome that rests on a regulator's decision — we prepare and represent, we do not promise approvals

Close the books, then open the audit

Hand over a closed trial balance, reconciled bank accounts, a fixed asset register, inventory records and last year's report. Clean schedules are the single biggest factor in how long fieldwork takes.

How it runs

The Statutory Audit process, stage by stage

4 stages, each one confirmed with you before the next begins. You approve the working before anything is submitted in your name.

  1. 1

    Planning

    We confirm what Statutory Audit needs in your case and agree the document list, the fee and who signs, before any work starts.

  2. 2

    Fieldwork

  3. 3

    Review

  4. 4

    Audit report & CARO

    Handover closes the engagement: final documents, acknowledgements and working papers in one place, with a note on what the next cycle will ask for.

Two things decide the timeline

How quickly the document set is complete, and how quickly queries are answered once the matter sits with the department or registry. The published turnaround assumes the first of those is sorted on day one.

What typically delays Statutory Audit

Schedules that do not tie back to the ledger, and records handed over in pieces, are what stretch audit timelines. We check for exactly this before anything is submitted, because a query answered late costs more time than the filing itself.

Facts & fees

Statutory Audit at a glance

One table with the details people call to ask about. Fees are indicative starting points, not a quotation — the final number follows a look at your actual position.

Statutory Audit — key details

Service
Statutory Audit
Category
Audit & Assurance
Who it suits
All private and public companies
Indicative fee
On quotation
Typical timeline
2–6 weeks
Documents to arrange
4 core documents
Stages in the process
4 stages, each confirmed with you
How it runs
Online end to end — documents by email or WhatsApp, approvals in writing, meetings by appointment
Where we work
Mumbai, Thane, Navi Mumbai and Panvel — 350 localities covered as service areas

What moves the fee

Entity type, the number of locations or periods in scope, transaction volumes and the state of your existing records. Statutory, registry and portal charges are billed at actuals, and any clean-up of earlier periods is quoted separately once we have seen it.
Illustrative photograph representing statutory audit work — not a photograph of our office or a client site

Compare

Statutory, internal and special-purpose audits

Three very different exercises get called an audit. Knowing which one you need decides the scope, the evidence you prepare and who ends up reading the report.

 Statutory auditInternal auditSpecial-purpose audit
Driven byLaw and your entity's obligationsManagement's need for assuranceA lender, investor or one specific question
ScopeThe financial statements as a wholeSelected risks, processes and locationsDefined narrowly, in advance
Main audienceShareholders, lenders and regulatorsManagement and the boardWhoever asked for it
RhythmAnnualQuarterly, or to a risk planAs and when required
What it producesAn opinion on the financialsAn action list on controlsA finding on one defined question

This comparison is general guidance on how the work is usually structured. Which option applies to you depends on your facts, so treat it as a starting point for a conversation rather than advice.

Avoid these

Where Statutory Audit usually goes wrong

Most delays are not technical. They come from paperwork that disagrees with itself, decisions taken too late, or a filing treated as the end of the matter.

Starting before the books are closed

An audit opened on unclosed books turns audit time into bookkeeping time, and the timeline doubles for reasons that have nothing to do with the audit.

Schedules that do not tie to the ledger

Fixed assets, inventory and balance confirmations are where this shows first. Every schedule should reconcile to the trial balance before it is handed over.

Leaving confirmations to the last week

Related-party details and third-party confirmations depend on other people replying. Requested late, they decide when the report can be signed.

Service areas

Statutory Audit across the Mumbai Metropolitan Region

We deliver statutory audit remotely for businesses in 350 localities across four belts — Mumbai, Thane, Navi Mumbai and Panvel. Each locality page carries the local context: nearby business hubs, the pincode and the nearest station. These are service areas we cover, not branch offices; in-person meetings happen by appointment.

Start with a major business district

Mumbai

135

135 localities · From Nariman Point to Dahisar — South, Central, Western and Harbour suburbs.

127 more in Mumbai

Thane

99

99 localities · Thane city, Ghodbunder Road, Kalyan-Dombivli, Bhiwandi and Vasai-Virar belt.

91 more in Thane

Navi Mumbai

69

69 localities · Vashi, Belapur, Kharghar, Airoli, TTC MIDC and the new airport corridor.

61 more in Navi Mumbai

Panvel

47

47 localities · Panvel, Kamothe, Kalamboli, Taloja MIDC and the NMIA growth zone.

39 more in Panvel

Prefer to start from your area?

The regional hubs list every locality in the belt alongside the other services we handle there, which is useful when you need more than one piece of work done together.

FAQs

Statutory Audit — questions we are asked first

The answers below are general and apply to most cases. Anything that depends on your turnover, entity or activity has to be confirmed against your own records before you rely on it.

How much does Statutory Audit cost in Mumbai?+

On quotation. The final quote depends on your entity type, transaction volumes and how complete your records are. Government, registry and portal charges, where they apply, are paid at actuals and quoted separately.

How long does Statutory Audit take?+

2–6 weeks. That is measured from the point your documents are complete; processing time at the department or registry sits on top of it and is outside anyone's control.

Which documents are required for Statutory Audit?+

Books of accounts, Bank statements, Fixed asset register, Previous audit report. We confirm the final list against your entity and activity before work starts, so you are not collecting paperwork twice.

Who should consider Statutory Audit?+

All private and public companies. A statutory obligation, a lender's condition or management's own need for assurance over a process is what puts this on the table.

Can Statutory Audit be done online from anywhere in Mumbai, Thane, Navi Mumbai or Panvel?+

Yes. Documents move by email or WhatsApp, approvals are taken in writing, and we meet in person by appointment. We cover 350 localities across the Mumbai Metropolitan Region as service areas — the locality pages describe coverage, not a branch office in each place.

What happens after Statutory Audit is complete?+

Findings become an action list, and the controls behind them are what you carry into the next year. You get the final documents, acknowledgements and working papers together, plus a note on what the next filing or review will need.

Question not covered here?

Send the specifics — entity type, what you are trying to achieve and any deadline you are working to — and we will tell you what is involved and what it costs, before you commit to anything. Mon–Sat, 9:30 AM – 7:30 PM.

Talk to a chartered accountant about Statutory Audit

Tell us your entity type and what you need to achieve. We confirm the scope, the document list and the fee in writing before any work starts. Fees for this engagement are quoted after a short scoping conversation.

Mon–Sat, 9:30 AM – 7:30 PM · Response within one working day

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