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EXTERNAL AUDIT

An external audit is an independent review of an organization’s financial statements. It is primarily conducted for statutory compliance, as required by legal provisions. This audit assesses the accuracy of financial records and highlights the critical role of external auditors. These auditors must follow specific reporting formats prescribed under the Companies Act. Additionally, the Act defines the scope of external audits, considering the limitations of internal audits.

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Why Should I Use Auriga Accounting of External Audit?

Auriga Accounting has a team of registration experts who can provide complete guidance to External Audit.

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Complete Your External Audit

Why Should I Use Auriga Accounting of External Audit ?

Auriga Accounting has a team of registration experts who can provide complete guidance to External Audit .

book appointment

Our team of experts will get in touch with you and collect all necessary documents and details

Resolve all your queries

We fill out and file your application for External Audit

Complete your Audit Report

Complete Your External Audit

OVERVIEW - External Audit

An external audit is an independent financial review conducted by an entity not affiliated with the company or department being audited. It follows a defined set of laws and regulations. The Sarbanes-Oxley Act of 2002 (SOX) established strict guidelines for external auditors, requiring them to assess internal controls and financial reporting of U.S. public companies. The audit ensures unbiased reporting, which can be utilized by investors, government agencies, the public, or the company itself.

What is Annual Compliance For a One person Company?

Features of External Audit

  1. Ensures the accuracy and correctness of a company’s accounting records.
  2. Evaluates whether annual accounts provide a true and fair view and comply with legal requirements.
  3. Must be conducted by a practising Chartered Accountant (CA).
  4. Performed by an independent external auditor who operates outside the organization.
  5. Focuses on financial accounts and associated risks; auditors are recommended by the board and appointed by the members.
  6. The primary responsibility of external auditors is to conduct the annual audit and provide an unbiased opinion on the company’s financial position.
  7. Includes an examination of internal controls to assess financial risk management and ensure compliance with the company’s strategic plans.
  8. External auditors report their findings on financial statements to the company’s members.

Due Dates for Private Limited Company Audit

  1. Statutory Audit
  • Must be completed before the Annual General Meeting (AGM).
  • The statutory auditor must submit the audit report to the board before the AGM.
  • The audit report should be attached to the company’s financial statements and filed with the Registrar of Companies (ROC).

Key Deadlines:

  • Form AOC-4 (Financial Statement) must be filed with the ROC within 30 days of the AGM.
  • Form MGT-7 (Annual Return) must be filed within 60 days of the AGM.
  • The AGM must be held on or before 30th September every year.
  1. Internal Audit
  • No specific due date for conducting the internal audit.
  • The internal auditor must submit a report to the board before the AGM.
  • The report should be filed along with Form AOC-4.
  1. Cost Audit
  • The cost audit report (CRA-3) must be submitted to the board by 30th September every year.
  • The board must review and submit the cost audit report (CRA-4) to the Central Government within 30 days of receiving it.

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Our Happy Clients!

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Based on 12 reviews
MD SAHIL
MD SAHIL
2023-06-10
Auriga Accounting is right CA firm is crucial for the financial health of our business. Auriga Accounting is reputable firm with experienced professionals, strong technology infrastructure, good communication, and transparent pricing.
Prince Kushwaha
Prince Kushwaha
2023-06-10
Workplace must be peaceful and be active during work , the Auriga Accounting Private Limited provides relevant and necessary things so employees save their time and complete their task before time period effectively and efficiently
Prince Singh
Prince Singh
2023-06-10
Auriga accouting private limited and it's team provide best service at affordable price. I have done my previous year GSTR and ITR they did it before the time
Priyanka Kumari
Priyanka Kumari
2023-04-07
They are best coordination with me. Time to time inform me how to work and what work is my pending. Time to time updated me about my company profile work like ROC Filling last date, GST filling last date, ITR etc... I have no paid any penalty since I started working with Auriga..
Vishal Singh
Vishal Singh
2023-04-07
Best company for providing services, I recommended to all. They give me the best rate of price and finished work before the time.
Sameer khan
Sameer khan
2023-04-07
The auriga accounting private limited is a reliable and a customer support company the team has give Clear answer towards the customer by which the customer cannot get confused and get necessary detail to solve their queries and auriga provided me good service and delivered my work on time very well coordinate with me and talk very well I suggest if you have any work then call auriga they will definitely finish your work on time
Vivek Shakya
Vivek Shakya
2023-04-07
Great Services , within affordable rate and give full satisfaction on works. Easy to Cordinate, I have done My Previous year ITR , Startup Registration. I am very happy with their services and their first priority is their Customer.
find way
find way
2023-04-06
I'll give a five-star rating, I had doubts about how to start my work in the field of business and they guide me and instruct me on how to start a business. They have a great team.
623 Anjali
623 Anjali
2023-04-06
The Auriga has great services. Efficient communication and really easy way to get help and support.
Anjali Sharma
Anjali Sharma
2023-04-06
Auriga Accounting team represents the highest level of customer services I have experienced.The team gives accurate information and responses to queries very fast, which are customer is facing.

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