Reliable LLP Audit & Compliance Services
Limited Liability Partnerships (LLPs) are required to maintain proper books of accounts and undergo audit based on prescribed thresholds under the LLP Act.
N D Savla & Associates provides comprehensive audit and assurance services to ensure LLP compliance, financial accuracy, and regulatory adherence.
What is Audit under LLP Act?
Audit under the LLP Act involves examination of financial records to ensure they reflect a true and fair view of the LLP’s financial position.
It includes:
- Verification of books of accounts
- Review of financial statements
- Compliance with LLP Act requirements
- Reporting by Chartered Accountant
- Assessment of financial accuracy
Applicability of LLP Audit
- LLPs with turnover exceeding prescribed limits
- LLPs with contribution exceeding threshold limits
- Voluntary audit for better governance
Documents Required
- Books of accounts and ledgers
- Bank statements and reconciliations
- Invoices and expense records
- LLP agreement
- Previous financial statements
Audit Process (Step-by-Step)
- Understanding LLP operations and structure
- Review of books and financial records
- Verification of transactions
- Compliance check with LLP provisions
- Finalization of financial statements
- Issuance of audit report
Risks of Non-Compliance
- Penalties under LLP Act
- Incorrect financial reporting
- Compliance issues during filings
- Regulatory scrutiny
Why Choose N D Savla & Associates?
Accurate Audits
Ensuring true and fair financial reporting.
LLP Specialists
Expertise in LLP compliance and audit.
Timely Completion
Meeting statutory deadlines efficiently.
End-to-End Support
From audit to filings and compliance.
Compliance Focus
Aligned with LLP Act requirements.
Trusted Advisory
Reliable LLP audit and advisory support.