Statutory and Internal Audits Led by Practicing Chartered Accountants
An audit that's rushed to meet a filing deadline tends to surface problems too late to fix them. CompanySathi's audit team — practicing under a Chartered Accountancy firm structure — conducts statutory financial statement audits, internal audits, and compliance reviews for companies across Nepal, including fixed assets verification and process-level internal controls review.
We work directly with company management throughout the engagement, not just at sign-off, so audit findings translate into practical fixes rather than a report that sits in a drawer.
Annual financial statement audits required under the Companies Act, conducted to NSA/ISA-aligned auditing standards.
Process, controls, and risk reviews to catch issues before they become statutory audit findings.
Physical verification and reconciliation of fixed asset registers — a common gap in growing companies.
Reviews aligned to Companies Act, Labour Act, and tax compliance obligations, not just financial statements.
We define the audit type, period, and scope with management.
Key risk areas and materiality thresholds are identified before fieldwork begins.
Testing, verification, and documentation review, including site visits for fixed assets where relevant.
Draft findings are discussed with management before finalization — no surprises at sign-off.
Final audit report and management letter delivered, with practical recommendations.
Yes, private limited companies registered in Nepal are generally required to have their annual financial statements audited under the Companies Act 2063, regardless of size.
External (statutory) audit is an independent opinion on financial statements required by law; internal audit is a management-driven review of processes, controls, and risk that isn't mandatory but is widely used to prevent issues before year-end.
It involves physically confirming assets recorded in the fixed asset register actually exist, are correctly valued, and are properly tagged and located — a common weak point we're regularly engaged to review.
Timeline depends on company size and record-keeping quality; well-maintained books can be audited in 1–2 weeks, while reconstructing poor records extends this significantly.
Talk to a CA-led team that handles this every week, not once a year.
Book a Free Consultation