Company Audit
Last updated: August 2026 · Reviewed by the Ravel Corporate Advisors team
Every company must be audited each year — it is not optional. We provide independent, timely statutory audits for Private Limited companies and OPCs, coordinated with your ROC and tax filings.
Key takeaways
- Statutory audit is mandatory for all companies, every year.
- Independent auditor’s report supports ROC and tax filing.
- LLPs only need audit above ₹40L turnover / ₹25L contribution.
- We coordinate audit, ROC and income tax together.
What a company audit means
Unlike a tax audit (triggered by turnover), a statutory company audit is compulsory for every company from its very first year — even a newly incorporated or dormant Private Limited or OPC must appoint an auditor and have its accounts examined. The auditor issues a report on whether the financial statements give a true and fair view, which accompanies the AOC-4 filing and underpins the income tax return.
What the audit covers
- Examination of financial statements and underlying records.
- Verification of assets, liabilities, income and expenses.
- Assessment of compliance with accounting standards.
- Independent auditor’s report for filing.
Our process
- Planning — scope and timeline set early.
- Audit fieldwork — records examined and verified.
- Report — auditor’s report finalised.
- Filing coordination — feeds into annual filing and ROC compliance.
Newly incorporated? Set up accounting from day one so your first audit is smooth.