Statutory & Internal Audit
With CA Sophia Stark & Co – Independent, Reliable & Value-Driven Audits
Audits are not just about compliance — they are about building trust, transparency, and efficiency in your business. At CA Sophia Stark & Co, Amravati, we provide statutory and internal audit services that go beyond ticking boxes. Our audits identify risks, strengthen controls, and add real value to your organization.
127 Ratings
What is a Statutory Audit?
A statutory audit is a legally mandated audit of a company’s financial statements to ensure accuracy and compliance with accounting standards, the Companies Act, 2013, and other applicable laws.
Objectives of Statutory Audit:
✅ Ensure true & fair financial reporting
✅ Verify compliance with legal & regulatory requirements
✅ Detect errors, frauds, and irregularities
✅ Build credibility with stakeholders, investors & regulators
What is an Internal Audit?
An internal audit is an independent evaluation of your company’s operations, risk management, and internal controls. Unlike statutory audits, these are not always mandatory — but they are highly recommended for businesses aiming for sustainable growth and efficiency.
Objectives of Internal Audit:
✅ Evaluate effectiveness of internal controls
✅ Identify operational inefficiencies & suggest improvements
✅ Detect fraud risks before they escalate
✅ Ensure adherence to company policies and procedures
✅ Strengthen governance & decision-making
Who Needs Audits?
Statutory Audit → Mandatory for:
Companies registered under the Companies Act
LLPs above prescribed turnover/ capital contribution
Certain entities under tax laws & regulations
Internal Audit → Recommended for:
Growing businesses with complex operations
Companies with large cash flow or high transaction volume
Organizations seeking better risk management & control
Documents & Information Required
Financial statements (Balance Sheet, P&L, Cash Flow)
Ledgers & books of accounts
Tax filings & statutory records
Internal control manuals, policies, and reports
Details of management processes & compliances
Statutory & Internal Audit Process
At CA Sophia Stark & Co, Amravati, we follow a structured, professional approach:
Planning & Risk Assessment – Understanding your business, systems, and risk areas
Internal Control Review – Evaluating existing policies & processes
Testing & Verification – Checking accuracy of financial transactions & compliance
Reporting – Providing an unbiased, independent audit report
Recommendations – Suggesting practical improvements for better governance
Why Choose CA Sophia Stark & Co, Amravati?
✔ Experienced Audit Professionals – Deep knowledge of statutory & internal audit frameworks
✔ Independent & Transparent – Objective insights with zero bias
✔ Value Beyond Compliance – Not just identifying risks, but recommending solutions
✔ Industry Expertise – Audits tailored to your sector & operations
✔ Trusted Partner – Enhancing credibility with regulators, investors, and stakeholders
✨ At CA Madhur Zanwar & Co, Amravati, our statutory & internal audits are designed to protect your business, build trust, and drive efficiency. We believe audits should not just meet compliance needs — they should empower decision-making and long-term success.
📞 Get in touch today for a reliable Statutory & Internal Audit in Amravati!