What is the Statutory Audit of Listed Company?

A listed company is a company whose shares are traded on a recognised stock exchange such as BSE or NSE. The statutory audit of such a company is the yearly check of its financial statements by an independent Chartered Accountant (CA) or CA firm, as required by the Companies Act, 2013. In addition, a listed company must follow the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, called SEBI LODR in short, which add quarterly reviews and strict time limits.

Thousands of shareholders, banks and investors rely on the numbers of a listed company. For this reason, its audit is wider, more detailed and more closely watched than the audit of a private or unlisted company.

CA Arpit Gupta helps listed and soon-to-be listed companies with audit readiness, compliance support, financial reporting and filings. We take up a statutory audit of a listed company only where the eligibility conditions are met, including the peer review requirement explained below.

Is Statutory Audit Compulsory for Listed Company?

Yes. A listed company must get its accounts audited every year, without any exemption. It must also get its quarterly results reviewed by the statutory auditor, as per SEBI LODR.

What Documents Are Required for Listed Company Statutory Audit?

• Standalone and consolidated trial balances and ledgers
• Bank and other third-party confirmations
• Sales, purchase and expense records with approvals
• Fixed asset and capital work in progress registers
• Inventory records with count reports
• Loan, debenture and other borrowing agreements
• Receivables and payables with ageing and confirmations
• Tax records: GST, TDS, Income Tax and deferred tax workings
• Payroll, PF, ESI and employee benefit records, including actuarial reports
• Share capital, allotment records and statutory registers
• Minutes of the Board, Audit Committee and shareholder meetings
• Related party details and approvals
• Internal audit reports and control documents
• Legal case details and contingent liabilities
• Details of subsidiaries, associates and joint ventures
• Previous year's audited accounts, reports and stock exchange filings

How Does Our Support Process Work?

1. Call or WhatsApp us on +91-7081220600
2. Tell us about your company like listing status, size, subsidiaries and your current auditor arrangement
3. We check what is needed
4. We confirm eligibility for the work you want from us, including independence and peer review requirements
5. We share the plan and fee
6. We review your books and controls before the audit and list the gaps
7. We help prepare the data and workings for the auditor and the Audit Committee
8. We support the compliance filings
9. We discuss the findings with the management
10. We remind you about the next due dates

Why Choose CA Arpit Gupta for Listed Company Audit Support?

• Practising Chartered Accountant
• Honest about eligibility
• Audit readiness help
• Compliance filings
• Support for SME listing and IPO readiness
• Honest and early feedback
• One CA for all needs
• Easy contact

Get Your Listed Company Compliance in Order

A listed company must be right every quarter, not only at year end. Share your needs with CA Arpit Gupta, and we will guide you on audit readiness, reporting and compliance.

Call or WhatsApp CA Arpit Gupta at: +91-7081220600.