Statutory audit of businesses operating in India is prescribed by the corporate legislation 1956. It comprises of reviewing compliance with regulations regarding, Accounting procedures provisions of, Taxation and company law similar offerings laws & criteria and best practices as recommended by the institute of chartered accountants consistent with, For india international accounting norms. Besides we analyse and report on the performance belonging to the organization to the board of directors through cash flows, Meaningful ratios and other analytical tools. The statutory audit team at balakrishna and co has been an integral integral to the firm for over 24 years. Acknowledging the responsibility thrust on us we observe, As auditors the highest ethical and professional standards while discharging our duties as statutory auditors pertaining to an organization.