Reliable Audit & Assurance Services
Companies are required to conduct statutory audits under the Companies Act to ensure transparency, accuracy, and compliance in financial reporting.
N D Savla & Associates provides comprehensive audit and assurance services to help businesses maintain compliance and build stakeholder confidence.
What is Audit under Companies Act?
Audit under the Companies Act involves examination of financial statements by a Chartered Accountant to ensure they present a true and fair view.
It includes:
- Verification of financial statements
- Assessment of internal controls
- Compliance with accounting standards
- Reporting under Companies Act requirements
- Audit opinion on financial statements
Scope of Audit & Assurance
- Statutory audit of companies
- Internal control evaluation
- Risk assessment and compliance review
- Financial reporting and disclosures
- Management advisory during audit
Documents Required
- Books of accounts and ledgers
- Financial statements
- Bank statements and reconciliations
- Invoices, vouchers, and supporting documents
- Previous audit reports (if applicable)
Audit Process (Step-by-Step)
- Planning and understanding business operations
- Risk assessment and audit strategy
- Verification of transactions and records
- Evaluation of internal controls
- Finalization of financial statements
- Issuance of audit report
Risks of Improper Audit
- Non-compliance with Companies Act
- Incorrect financial reporting
- Regulatory penalties and scrutiny
- Loss of stakeholder trust
Why Choose N D Savla & Associates?
Accurate Audits
Ensuring true and fair financial reporting.
Experienced Professionals
Skilled team with audit expertise.
Timely Completion
Meeting statutory deadlines efficiently.
End-to-End Support
From audit planning to reporting.
Compliance Focus
Aligned with Companies Act requirements.
Trusted Advisory
Reliable audit and assurance services.