Audit Under LLP Act a statutory audit that keeps your LLP credible and compliant.
LLP audit services under the LLP Act 2008 in Mumbai and across India — statutory audit of the accounts of Limited Liability Partnerships crossing the prescribed turnover or contribution thresholds, with complete audit reporting and audited accounts for Form 8 filing.
An audit under the LLP Act 2008 is the independent examination of the accounts of a Limited Liability Partnership by a Chartered Accountant. Unlike a company, where a statutory audit is mandatory in every case, an LLP is required to have its accounts audited only where it crosses certain thresholds — but for those LLPs the audit is a firm legal requirement and an important safeguard for partners and lenders alike.
Under the LLP Act 2008 and the rules made under it, the accounts of an LLP must be audited where its turnover exceeds the prescribed limit or its contribution exceeds the prescribed amount in a financial year. LLPs below both thresholds are exempt from a compulsory audit, though they may still choose to have their accounts audited voluntarily. The audited figures feed directly into the LLP’s Statement of Account and Solvency filed in Form 8.
Our LLP audit practice delivers a thorough statutory audit under the LLP Act 2008 for LLPs that cross the audit thresholds, as well as voluntary audits for LLPs that want independent assurance. We examine the LLP’s books of accounts, verify assets, liabilities, contribution, and transactions, check compliance with the LLP agreement and the Act, prepare the audit report, and finalise audited accounts that are ready for the Form 8 filing. The result is an audit that strengthens partner confidence and supports clean LLP compliance.
Our LLP Audit Services
Audit Applicability Review
Assessment of whether an LLP crosses the turnover or contribution audit thresholds.
LLP Statutory Audit
Statutory audit of the accounts of an LLP required to be audited under the LLP Act.
Voluntary LLP Audit
Voluntary audit for LLPs that want independent assurance below the thresholds.
Books & Records Examination
Examination of the LLP’s books of accounts, vouchers, and supporting records.
Contribution Verification
Verification of partner contribution against the LLP agreement and records.
LLP Agreement Compliance
Review of compliance with the LLP agreement and the LLP Act 2008.
Audit Report Preparation
Preparation of the audit report on the LLP’s financial statements.
Audited Accounts for Form 8
Finalisation of audited accounts ready for the Statement of Account and Solvency.
Our LLP Audit Workflow
Threshold Assessment
Review of turnover and contribution to confirm whether an audit is required.
Audit Planning
Understanding the LLP, assessing risk areas, and planning the scope of the audit.
Books & Verification
Examination of books of accounts and verification of assets, liabilities, and contribution.
Compliance Review
Review of compliance with the LLP agreement and the LLP Act 2008.
Report & Finalisation
Preparation of the audit report and finalisation of audited accounts for Form 8.
Benefits of an LLP Statutory Audit
Frequently Asked Questions
No. An audit under the LLP Act 2008 is mandatory only where an LLP crosses the prescribed turnover or contribution thresholds in a financial year. LLPs below both thresholds are not required to have a compulsory audit, although they may choose a voluntary audit.
An LLP is required to get its accounts audited where its turnover exceeds the prescribed limit or its contribution exceeds the prescribed amount in a financial year. An LLP that crosses either threshold must have its accounts audited by a Chartered Accountant.
The audit of an LLP under the LLP Act 2008 can only be carried out by a practising Chartered Accountant or a firm of Chartered Accountants. The auditor examines the LLP’s accounts and reports on its financial statements.
The audited figures of an LLP feed directly into its Statement of Account and Solvency, filed in Form 8 with the Registrar of Companies. Where an audit is applicable, the Form 8 filing reflects the audited financial position of the LLP.
Yes. An LLP that is below the prescribed turnover and contribution thresholds is not required to have a compulsory audit, but it may still choose to have its accounts audited voluntarily to obtain independent assurance for partners, lenders, or investors.
Get Your LLP Audit Done
Talk to our team for a thorough statutory or voluntary audit of your LLP’s accounts under the LLP Act 2008.
Get LLP Audit Support or call +91 9819 000 511