Audit & Assurance Services under LLP Act
Ensuring Compliance, Accuracy, and Financial Discipline for LLPs
Audit & Assurance Services under the LLP Act help ensure that Limited Liability Partnerships maintain accurate financial records and comply with statutory requirements. Audits provide clarity on financial performance and ensure adherence to applicable legal provisions.
We support LLPs in meeting audit requirements, maintaining transparency, and strengthening financial controls through structured and compliant audit processes.
Our Services under LLP Act
Statutory Audit of LLP
Audit of LLP accounts as required under the LLP Act based on turnover and contribution thresholds.
Form 8 & Form 11 Support
Assistance in preparation and filing of Statement of Account & Solvency and Annual Return.
Compliance Audit
Review of LLP compliance with legal provisions, agreements, and regulatory filings.
Internal Control Review
Evaluation of internal systems and processes to improve efficiency and reduce risks.
Tax Audit for LLP
Tax audit under Income Tax Act applicable to LLPs based on turnover criteria.
Advisory & Compliance Support
Guidance on maintaining compliance with LLP Act and related financial regulations.
Our Approach
- Understanding LLP structure and agreement
- Risk-based audit planning and execution
- Verification of financial transactions and records
- Ensuring compliance with LLP Act provisions
- Clear and actionable reporting for partners
Benefits of Audit under LLP Act
- Ensures compliance with statutory requirements
- Improves financial transparency and accuracy
- Strengthens internal controls and governance
- Reduces risk of penalties and legal issues
- Builds trust among partners and stakeholders
- Supports better financial decision-making
Why Choose Us?
- Strong expertise in LLP Act and compliance
- Practical and structured audit approach
- Timely and accurate reporting
- Customized solutions for LLPs of all sizes
- End-to-end support for compliance and filings
Stay Compliant with LLP Regulations
Ensure accurate reporting and avoid penalties with our expert LLP audit and assurance services.
Contact UsF.A.Q.
No, audit is required only if turnover exceeds ₹40 lakh or contribution exceeds ₹25 lakh.
Form 8 is the Statement of Account and Solvency that every LLP must file annually with the Registrar.
Form 11 is the Annual Return of the LLP containing details of partners and structure.
The partners of the LLP appoint the auditor as per the LLP agreement and applicable provisions.
Non-compliance can result in penalties and legal consequences under the LLP Act.
Yes, LLPs are subject to tax audit under the Income Tax Act if they meet prescribed turnover limits.