Statutory & Tax Audit in Avadi, Chennai
Last updated: 15 Oct 2026
Quick Answer: Virtual Auditor carries out statutory audits of companies, tax audits, LLP audits and internal audits for businesses in Avadi, Chennai, from our head office at Spencer Plaza, Anna Salai. Reports are signed by a chartered accountant and filed online with the MCA and the Income Tax Department.
Avadi: the local picture for Audit Services
Avadi lies in Thiruvallur district, Tamil Nadu. Its business mix is typical of an industrial and manufacturing area. Nearby areas we also serve include CRPF Camp, Avadi, Kamaraj Nagar, Avadi, Tirumullaivoyal and Thiruverkadu. We serve clients in Avadi from our head office at Spencer Plaza, Anna Salai. For factories here, most audit time goes into inventory: physical verification, costing of work in progress and agreeing the stock statements given to the bank with the books. Companies with a registered office in Avadi come under the Registrar of Companies, Chennai. Income-tax appeals from Avadi go to the Commissioner (Appeals) and then to the ITAT Chennai Benches; writs lie to the Madras High Court.
What is a statutory audit?
An audit is an independent chartered accountant's examination of your books and financial statements. Company audits are compulsory under the Companies Act, 2013; tax audits and LLP audits apply above set turnover or contribution limits.
How is the auditor appointed and changed?
The board appoints a new company's first auditor within 30 days of incorporation (section 139(6)). After that the members appoint the auditor at the annual general meeting for a term of five years (section 139(1)), and the company files Form ADT-1 within 15 days. Resignations are reported in ADT-3.
What do we check that clients often miss?
Since 1 April 2023 a company's accounting software must keep an audit trail (edit log) that cannot be disabled, and the auditor reports on it. We also test related-party transactions, stock records and statutory dues, because these are the commonest CARO qualifications.
If an auditor finds a fraud of ₹1 crore or more, section 143(12) requires a report to the Central Government in Form ADT-4; smaller frauds are reported to the audit committee or board.
Full details of a statutory audit, including the law, the process and our method: https://virtualauditor.in/statutory-audit-services-india
What you get from Virtual Auditor in Avadi
- LLP, trust and society audits
- Internal audit and stock audit
- Audit-trail and internal-control review
Documents to keep ready
- Loan, lease and major contract documents
- Board and shareholder minutes
- Trial balance, ledgers and bank statements for the year
Indicative Fee Structure
| Service | Fee |
|---|---|
| Statutory audit (private company) | From ₹25,000 |
| Consultation | Complimentary 30 minutes |
*Prices are indicative and exclude government fees and taxes. Actual fees depend on scope and complexity; contact us for a fixed quote.
Frequently Asked Questions
When must an LLP be audited?
When its turnover exceeds ₹40 lakh or its partners' contribution exceeds ₹25 lakh in the financial year.
How long does an audit take?
For a small company with clean books, usually two to three weeks from the date we receive the trial balance and supporting records. Groups, stock-heavy businesses and first-year audits take longer.
Which offices deal with a statutory audit for a business in Avadi?
Companies with a registered office in Avadi come under the Registrar of Companies, Chennai. Income-tax appeals from Avadi go to the Commissioner (Appeals) and then to the ITAT Chennai Benches; writs lie to the Madras High Court.
Do you also handle a statutory audit for businesses near Avadi?
Yes. We also work with businesses in CRPF Camp, Avadi, Kamaraj Nagar, Avadi, Tirumullaivoyal, Thiruverkadu and Pattabiram and elsewhere in Chennai, on the same terms and online.
Do I need to visit your office from Avadi?
No. We serve Avadi from our head office at Spencer Plaza, Anna Salai. Documents are shared securely online, filings are signed with a digital signature, and meetings are by video or at our office by appointment. Call +91 99622 60333 or email support@virtualauditor.in.