Fact-check notes
Last fact-checked: 2026-06-04
MCA, ROC, company registration, LLP, audit, accounting and compliance work should be verified against current MCA V3 forms, master data, board records and applicable entity facts.
This page is preparation guidance. Ask the expert to verify active law, portal forms, notifications and your documents before filing, signing or paying.
Document checklist
Documents required for statutory audit depend on your entity type, year, transaction facts, portal status and whether you need filing, correction, registration or advisory.
- Start with identity, PAN/GSTIN/MCA or registration details.
- Add period-wise financial records, invoices, bank statements and prior filings where relevant.
- Keep notices, challans, acknowledgements and portal screenshots if the case involves correction or reply.
- Ask the expert if any certified copy, DSC, board resolution, affidavit or legal document is needed.
Who this is for
- User preparing before posting on WorkIndex.
- Business owner avoiding back-and-forth with expert.
- Taxpayer responding to notice or filing deadline.
- Founder collecting records for compliance.
Documents and details to prepare
- Identity and entity documents.
- Portal login/status and prior acknowledgements.
- Invoices, bank, books, payroll or transaction records.
- Notice/order/challan documents if any.
Common mistakes to avoid
- Sending screenshots without underlying records.
- Leaving out old notices or defaults.
- Not naming the year, period or entity type.
- Assuming one checklist fits every case.
How to brief the expert
- Create a folder by year or period.
- Add identity, portal and financial records.
- Highlight missing documents and deadline.
- Share the checklist with your WorkIndex expert for quote confirmation.
FAQs
Are these all documents for Statutory Audit?
No. They are a starting checklist; your expert may ask for more based on facts and portal status.
Can I get a quote before all documents are ready?
Yes, but disclose what is missing so the quote and timeline remain realistic.
Should I upload original documents?
Usually scanned copies are enough for review, but official filing may need DSC, OTP, original records or certified copies depending on the task.
Frequently Asked Questions
1. What are the audit and accounting requirements for businesses dealing with Documents Required for Statutory Audit?
Businesses involving Documents Required for Statutory Audit must maintain proper books of accounts under Section 44AA. A tax audit under Section 44AB is mandatory if turnover exceeds ₹1 crore (or ₹10 crore for digital operations).
2. Why is a UDIN mandatory for CA certifications related to Documents Required for Statutory Audit?
All CA-certified financial statements, net worth certificates, or audit reports for Documents Required for Statutory Audit must carry a Unique Document Identification Number (UDIN) generated on the ICAI portal to be legally valid.
3. What is the due date for submitting the Tax Audit report?
The due date to file the tax audit report on the income tax portal is September 30 of the Assessment Year (one month prior to the ITR filing due date of October 31 for audited cases).
4. What is the penalty for not getting books of accounts audited?
Under Section 271B, failure to get books audited u/s 44AB attracts a penalty of 0.5% of the total sales, turnover, or gross receipts, subject to a maximum cap of ₹1.5 lakh (₹150,000).
5. What is UDIN and why is it mandatory for CAs?
UDIN (Unique Document Identification Number) is a unique 18-digit number generated by Chartered Accountants on the ICAI portal for every certificate, audit report, and document they sign, to prevent forgery and verify CA credentials.
6. What happens if a CA fails to generate a UDIN?
Documents signed by a CA without a UDIN are treated as invalid. If not generated within the 60-day window, the CA can face disciplinary action from the ICAI for professional misconduct.
7. What is a Statutory Audit under the Companies Act, 2013?
A statutory audit is a mandatory review of a company's financial records to verify they present a true and fair view. It is compulsory for all companies (Private Limited, Public, OPC) regardless of turnover or capital.
8. What is a Secretarial Audit under Section 204?
A secretarial audit is an audit of compliance with corporate, securities, and labor laws, conducted by a practicing Company Secretary (CS) who submits Form MR-3. It is mandatory for listed and large public/borrowing unlisted companies.
9. What are the thresholds for a mandatory Secretarial Audit?
Secretarial audit is mandatory for: (1) Listed companies. (2) Public companies with paid-up capital >= ₹50 crore or turnover >= ₹250 crore. (3) Any company with outstanding bank/public financial institution loans >= ₹100 crore.
10. What is CARO (Companies Auditor's Report Order)?
CARO is a set of compliance items that statutory auditors of companies must report on, covering areas like fixed assets, inventory verification, loans to related parties, statutory dues, and internal control structures.
11. Are LLPs required to undergo audits?
Under the LLP Act, 2008, an LLP must get its accounts audited if its annual turnover exceeds ₹40 lakh or if its partner contributions exceed ₹25 lakh.
12. What is an Internal Audit? Who is required to appoint an internal auditor?
An internal audit evaluates a company's risk management and internal controls. Under Section 138 of the Companies Act, listed companies and unlisted public/private companies crossing specific turnover or debt thresholds must appoint an internal auditor.
13. What is the difference between Form 3CA and Form 3CB?
Form 3CA is the audit report used when the business is already required to get its accounts audited under another law (like the Companies Act). Form 3CB is used when the audit is required solely under the Income Tax Act.
14. What is Form 3CD?
Form 3CD is a detailed statement of particulars containing 44 clauses that the tax auditor must complete, detailing business income, expenses, depreciation, MSME dues, TDS compliance, and tax adjustments.
15. Can a tax audit report be revised after uploading?
Yes, a tax audit report can be revised if there are changes in the accounts (like corporate restructuring) or adjustments due to subsequent notifications, certified by the same CA with a fresh UDIN.