For companies, banks, and public sector organizations in line with applicable laws.

Statutory audits form a critical component of corporate governance and regulatory compliance in any organization. At CHOWDARY & RAO, we approach statutory audits not merely as a regulatory obligation but as a structured exercise to evaluate the financial integrity and reporting accuracy of an entity. Our audit procedures are meticulously aligned with applicable legal frameworks such as the Companies Act, Banking Regulations, and relevant accounting and auditing standards prescribed by regulatory authorities in India.

Our statutory audit process is driven by a risk-based methodology that emphasizes a deep understanding of the client’s business model, sectoral challenges, and internal control environment. This enables us to assess areas of potential misstatements, evaluate adherence to financial reporting frameworks, and identify opportunities for improvement in financial disclosures and internal processes. Each engagement is handled by a team of experienced professionals under the direct supervision of partners, ensuring technical precision, independence, and consistency with evolving regulatory expectations.

We are empanelled with institutions such as the Comptroller and Auditor General of India (CAG) and the Reserve Bank of India (RBI), and have experience conducting statutory audits for corporates, public sector undertakings, and banking institutions. Our emphasis on transparency, audit quality, and stakeholder trust reinforces our role as a dependable assurance provider. While adhering strictly to the ethical standards set by ICAI, we maintain objectivity and professional skepticism throughout the audit process, contributing to the credibility of financial statements and the confidence of users relying on them.