Corporate Assurance Practice • Companies Act, 2013

Statutory Corporate Audits & IFC Assurance

Independent statutory financial assurance, CARO 2020 reporting, Internal Financial Controls (IFC) testing, and Ind AS compliance for Private Limited companies, Public Limited entities, and conglomerates across Delhi NCR.

Companies Act Section 139 & 143

Rigorous independent statutory audit of financial statements, balance sheets, profit & loss accounts, and cash flow statements in full compliance with Standards on Auditing (SAs) issued by ICAI.

Form ADT-1 • 18-Digit UDIN

CARO 2020 Enhanced Reporting

Comprehensive compliance with the 21 comprehensive reporting clauses of Companies (Auditor's Report) Order 2020, covering inventory verification, title deeds, working capital limits, and default tracking.

Benami Property • Evergreening Clauses

Internal Financial Controls (IFC)

Independent evaluation of the adequacy and operating effectiveness of Internal Financial Controls over Financial Reporting (ICFR) under Section 134(5)(e) and Section 143(3)(i) of the Companies Act, 2013.

Risk Control Matrix (RCM) • SOP Testing

The SKCCA Statutory Assurance Methodology

Our audit methodology is governed by the ICAI Peer Review Board standards (Certificate 017492) and international assurance best practices, ensuring zero compliance surprises for corporate Boards and audit committees.

1. Pre-Audit Scoping Engagement terms, materiality threshold determination (SA 320), entity risk profiling, and ICFR scoping.
2. Interim Testing Evaluation of internal controls, walk-through tests of revenue/procurement cycles, and IT general control (ITGC) audits.
3. Substantive Testing Physical inventory verification (Ind AS 2), bank/debtor confirmations (SA 505), statutory dues reconciliation, and CARO 2020 verification.
4. Independent Report Presentation to Audit Committee, issuance of Auditor's Report, UDIN generation, and filing assistance for Form AOC-4 XBRL.

Practice Scope & Statutory Deliverables

Statutory Engagement Governing Legislation Key Output Deliverable
Statutory Corporate Audit Companies Act, 2013 (§ 139) Independent Auditor's Report with 18-digit UDIN
CARO 2020 Compliance MCA Order S.O. 849(E) 21-Clause Detailed Governance Annexure
Internal Financial Controls Companies Act, 2013 (§ 143(3)(i)) ICFR Adequacy & Operating Effectiveness Opinion
Ind AS Transition & Audit Companies (Ind AS) Rules, 2015 Ind AS Restated Balance Sheet & Disclosure Notes
Tax Audit Assurance Income-tax Act, 1961 (§ 44AB) Form 3CA / 3CD E-Filing on CBDT Portal
Statutory Assurance Practice

Initiate Corporate Audit Scoping

Consult with Senior Assurance Partners regarding statutory auditor appointments, CARO 2020 readiness, and Ind AS financial statements.

Engage Audit Desk
ICAI Code of Ethics Pull-Model Statutory Notice Information on this page is published solely on a pull-model basis upon visitor request for educational and general informational purposes regarding statutory corporate audit frameworks in India.