Introduction

In today’s evolving business landscape, maintaining financial transparency and regulatory compliance is essential for every organization. A Statutory Audit plays a crucial role in ensuring that a company’s financial statements present a true and fair view of its financial position.

At Nakrani Rabadiya & Co., based in Surat, Gujarat, our experienced team led by CA Gaurav Nakrani and CA Ravi Rabadiya provides professional statutory audit services designed to ensure accuracy, accountability, and compliance for businesses of all sizes.

What is a Statutory Audit?

A Statutory Audit is a legally mandated examination of a company’s financial records and statements. It is conducted by a qualified Chartered Accountant or audit firm to verify whether the company’s accounts are accurate, complete, and compliant with the Companies Act, 2013 and applicable accounting standards.

Statutory audits are mandatory for:

• All companies registered under the Companies Act

• LLPs and entities exceeding prescribed turnover limits

• Businesses subject to audit under the Income Tax Act or other regulatory bodies

Why is a Statutory Audit Important?

A statutory audit is not just a compliance requirement — it’s a cornerstone of financial credibility and corporate governance.

Here’s why it matters:

1. Ensures Financial Accuracy: Confirms that financial reports reflect the true financial position of the business.

2. Builds Credibility: Strengthens trust among investors, banks, and stakeholders.

3. Prevents Errors & Fraud: Detects financial irregularities and improves internal control systems.

4. Ensures Legal Compliance: Keeps your company aligned with audit laws and statutory requirements.

5. Improves Decision-Making: Audit insights help management make informed strategic and financial decisions.

Benefits of Conducting a Statutory Audit

• ✅ Establishes transparency and accountability

• ✅ Enhances business reputation and creditworthiness

• ✅ Improves internal systems and processes

• ✅ Ensures timely compliance with all financial regulations

• ✅ Helps businesses attract investors and secure funding

Audit Firms in Surat – Why Choose Nakrani Rabadiya & Co.

Surat is one of India’s fastest-growing commercial cities, home to diverse industries — from textiles to real estate to startups. A professional audit firm in Surat like Nakrani Rabadiya & Co. ensures that your business meets every compliance standard while maintaining financial clarity.

We provide audit services designed for:

• Private Limited Companies

• LLPs and Partnerships

• Proprietorship Firms

• Startups and SMEs

Our audits are conducted with precision, independence, and adherence to ICAI standards, ensuring your business stays compliant and credible.

How We Can Help

At Nakrani Rabadiya & Co., our audit services include:

• Statutory, Internal & GST Audits

• Tax & Compliance Review

• Financial System Evaluation

• Internal Control Strengthening

• Comprehensive Audit Reports

We combine traditional audit expertise with modern tools to deliver accurate, efficient, and value-driven outcomes.

Conclusion

A Statutory Audit is more than a legal requirement — it’s a mark of trust, discipline, and transparency. Partnering with a trusted audit firm in Surat like Nakrani Rabadiya & Co. ensures that your financials are accurate, compliant, and ready for growth.

Looking for reliable Chartered Accountants in Surat, Gujarat?
📞 Contact Nakrani Rabadiya & Co. today to schedule your Statutory Audit consultation.