Statutory audits are not just a legal formality—they are a critical element in building trust with shareholders, investors, banks, regulators, and tax authorities. Whether you’re running a private limited company, an AOP, or a not-for-profit organization, a professionally conducted audit provides credibility, identifies risks, and ensures your financial statements comply with applicable laws and standards.

At Sterling, we provide independent and transparent Statutory Audit Services in accordance with the Companies Act, 2017 and International Standards on Auditing (ISA). Our goal is not only to meet regulatory obligations but to deliver insights that add real value to your business.

Who Needs a Statutory Audit?

• Private and Public Limited Companies (as per SECP requirements)

• AOPs and Partnerships with certain turnover thresholds

• Not-for-profit organizations registered under Section 42

• Entities requiring audits for banking, investor, or donor requirements

• Businesses exceeding sales or asset limits set by FBR or other regulators

Our Statutory Audit Services Include

Independent Audit of Financial Statements
Review and audit of balance sheet, income statement, cash flows, and notes in accordance with approved accounting standards.

Internal Controls Assessment
Evaluate the strength of internal control systems and highlight areas for improvement.

Regulatory Compliance Check
Ensure adherence to Companies Act, FBR tax laws, SECP filing requirements, and relevant industry regulations.

Audit Planning and Risk Assessment
Design and execute a custom audit plan based on the size and risk profile of your organization.

Detailed Audit Report Preparation
Issuance of audit opinion and management letter highlighting key findings and recommendations.

Coordination with Tax & Legal Teams
Collaborate with internal or external tax/legal advisors to align reporting with statutory positions.

What You’ll Need to Prepare

To initiate the statutory audit, the following are typically required:

• Complete financial records and general ledger

• Trial balance and year-end adjustments

• Bank statements and reconciliations

• Tax challans, invoices, and receipts

• Payroll records and employee contracts

• Previous years’ audit reports (if applicable)

• Details of fixed assets, inventories, and receivables

We will provide a full checklist tailored to your entity upon engagement.

Why Choose Sterling?

Qualified Audit Professionals
Our audit team consists of ICAP-qualified chartered accountants with deep sector expertise.

Strict Independence & Objectivity
We conduct all audits with professional skepticism, independence, and a clear separation from management.

Timely Completion
We understand corporate timelines and work efficiently to meet your filing deadlines.

Beyond Compliance
We identify risks, inefficiencies, and improvement areas that go beyond the audit report.

Affordable for SMEs
We offer scalable pricing for small and medium-sized businesses needing audit support.