Company Audit
Done-for-you by Company Mitra's qualified experts — 100% online, transparent pricing, no running around.
- 10 to 15 working days
- 100% Online
- Qualified Experts
- Secure Payment
What you get
- Audited Balance Sheet and P&L
- Independent Auditor's Report with UDIN
- CARO 2020 report where applicable
- Financial statements in Rs and in hundreds
- List of directors and shareholders
Documents required
Keep these ready — scanned copies or clear phone photos are fine.
- Trial balance and Tally backup (Company) – Mandatory
- Bank statements for the year (Company) – Mandatory
- Previous year audited financial statements (Company) – Mandatory
- Certificate of incorporation, MOA and AOA (Company) – Mandatory
- Fixed asset register and bills (Company) – Mandatory
- Stock statement (Company) – Mandatory
- List of directors and shareholders (Company) – Mandatory
- Loan and related party details (Company) – Mandatory
How it works
10 to 15 working days after complete documents (depends on size)
- 1Share documents
- 2Upload your trial balance, bank statements and statutory records.
- 3Audit fieldwork
- 4Our audit team verifies records and raises queries.
- 5Draft financials
- 6We share draft financial statements and the audit report for review.
- 7Board approval
- 8Your board approves accounts and we sign the audit report with UDIN.
- 9Ready for ROC
- 10Audited accounts are ready for AGM and AOC-4 filing.
About Company Audit
Overview
Every company in India, whether it has business or not, must have its financial statements audited by a Chartered Accountant under the Companies Act, 2013. Company Mitra provides statutory audit for private limited, public and Section 8 companies, carried out as per ICAI Standards on Auditing.
Our audit covers verification of bank, sales, purchases, expenses, fixed assets, stock, loans and related party transactions, and review of the Schedule III financial statements. We issue the Independent Auditor's Report along with CARO 2020 reporting where applicable, with UDIN.
- Audit as per Sections 139 and 143
- Financial statements in Rs and in hundreds
- Timely completion before AGM and AOC-4 filing
The listed price is a starting fee for small companies. The final fee depends on turnover, volume of transactions and condition of records. Books of account, ROC filings and tax audit are available as separate services.
Who needs it
- Every private limited company, irrespective of turnover
- Public limited companies
- Section 8 companies
- Companies needing audited accounts for loans or tenders
What's included
Included:
- Statutory audit under Sections 139 and 143 of the Companies Act, 2013
- Audit as per ICAI Standards on Auditing
- Independent Auditor's Report with CARO 2020 reporting where applicable
- Review of Balance Sheet, P&L, cash flow (where applicable) and notes as per Schedule III
- Audit working papers and management representation
- UDIN generation
- Final fee depends on turnover, transactions and records
Not included:
- Bookkeeping and preparation of accounts
- AOC-4, MGT-7 and income tax return filing (separate services)
- Tax audit under Section 44AB (separate service)
- Government fees for ADT-1
Ready to get started?
Place your order in 2 minutes — our expert takes it from there.
Frequently asked questions
Is audit mandatory for small private companies?
Yes. Every company registered under the Companies Act, 2013 must get its accounts audited, regardless of turnover or profit.
What is CARO 2020?
It is an additional auditor's report on specified matters. Certain small private companies are exempt based on capital, borrowings and revenue.
When should the audit be completed?
Before the AGM, which must be held by 30 September for most companies, so that AOC-4 can be filed within 30 days of the AGM.
How is the fee decided?
The listed price is a starting fee. The final fee depends on turnover, number of transactions and condition of books.
Compliances after this
- Hold the board meeting to approve accounts and the AGM by 30 September.
- File AOC-4 within 30 days of the AGM and MGT-7 or MGT-7A within 60 days.
- File ADT-1 within 15 days of AGM if the auditor is appointed or reappointed.
- File the income tax return (ITR-6) by the due date.
Penalty for delay / non-compliance
Not getting accounts audited makes it impossible to file AOC-4. Late AOC-4 attracts an additional fee of Rs 100 per day, and Section 137(3) penalty of Rs 10,000 plus Rs 100 per day (up to Rs 2 lakh for the company). Contravention of audit provisions may also attract penalties under Section 147 of the Companies Act, 2013.
