Tax's Company Financial Statements & Audit - Edition 2026
| Author : | CS Amit Baxi |
|---|
| Company Financial Statements & Audit by CS Amit Baxi, published by Tax Publishers, is a practitioner's guide to the accounts and audit provisions of the Companies Act, 2013, now in its 2026 Edition with a free e-book. It explains the law in a systematic, logical and practitioner-friendly manner, supported by practical illustrations, compliance checklists, procedural guidance and ready reference charts, drawing together the Companies Act, the Companies (Accounts) Rules, 2014 and the Indian Accounting Standards. It covers books of account; preparation and presentation of financial statements under Schedule III; statutory, internal, secretarial and cost audit; the appointment, removal, resignation, remuneration and responsibilities of auditors; the National Financial Reporting Authority; practical compliance checklists and audit procedures; and MCA-21 e-filing and XBRL reporting. |
Tags: Auditing, NFRA, Companies Act, 2013, Audit of Financial Statements
Company Financial Statements & Audit by CS Amit Baxi, published by Tax Publishers, is a practitioner's guide to the accounts and audit provisions of the Companies Act, 2013 — from the maintenance of books of account and the preparation of financial statements to the appointment, duties and removal of auditors, and the filing of the results with the Registrar. This is the 2026 Edition, and it comes with a free e-book.
The book explains the law in a systematic, logical and practitioner-friendly manner, supported by practical illustrations, compliance checklists, procedural guidance and ready reference charts. It draws together the Companies Act, 2013, the Companies (Accounts) Rules, 2014, the Indian Accounting Standards and the related regulatory framework, and concentrates on how a professional actually implements each requirement rather than merely reproducing the statutory text.
Key Features
- Edition 2026, published by Tax Publishers
- Free e-book with the print edition
- Practical compliance checklists and step-by-step audit procedures
- Ready reference charts for quick consultation
- Covers statutory, internal, secretarial and cost audit in one volume
- Full treatment of MCA-21 e-filing and XBRL reporting
- Paperback, English
- ISBN 978-81-998043-5-7
Coverage
Books of Account. The obligation to keep books of account under section 128, the place and manner of maintenance, electronic books and back-ups, inspection, and the period of preservation.
Preparation and Presentation of Financial Statements. Financial statements under section 129 and the formats prescribed by Schedule III; consolidated financial statements; compliance with the accounting standards under section 133 and Ind AS; the Board's report under section 134; re-opening and voluntary revision of accounts; and filing with the Registrar under section 137.
Statutory Audit, Internal Audit, Secretarial Audit and Cost Audit. The statutory audit of the company's accounts; internal audit under section 138; secretarial audit under section 204; and the maintenance of cost records and cost audit under section 148.
Auditors — Appointment, Removal, Resignation, Remuneration and Responsibilities. Appointment and rotation under section 139; removal and resignation under section 140; eligibility and disqualifications; remuneration under section 142; the powers and duties of auditors and the auditor's report under section 143, including the reporting of fraud; and the services an auditor is prohibited from rendering under section 144.
NFRA. The National Financial Reporting Authority under section 132 — its jurisdiction over companies and auditors, its oversight of audit quality, and its disciplinary powers.
Practical Compliance Checklists and Audit Procedures. Working checklists for each stage of the annual accounts and audit cycle.
MCA-21 e-Filing and XBRL Reporting. Filing financial statements and related documents on the MCA-21 portal, and the XBRL taxonomy and filing requirements for the classes of companies to which they apply.
Ready Reference Charts. Summary charts of timelines, thresholds and responsibilities for quick reference.
About the Author
CS Amit Baxi is a Fellow Company Secretary (FCS), holds an LL.B. (Gold Medalist) and a B.Com. (Hons.) (Gold Medalist), and a PGDBM and PGDMSM. He writes widely on company law and corporate compliance.
Who Should Buy This Book?
- Company Secretaries in practice and in employment
- Chartered Accountants and statutory auditors
- Internal auditors, cost auditors and secretarial auditors
- CFOs, finance controllers and accounts teams of companies
- Directors and audit committee members
- Corporate lawyers and compliance officers
- CS, CA and CMA students preparing for company law, audit and accounting papers
- Professional firms, corporate libraries and institutional collections
Why Choose This Book?
The accounts and audit chapters of the Companies Act are where corporate compliance most often goes wrong in practice — a missed filing deadline, an auditor appointed in breach of the rotation rules, a Board's report without a required disclosure, an XBRL filing rejected on format. Each of these is a technical failure rather than a failure of understanding, and each is prevented by a checklist followed in the right order.
This book is built around that working reality. Rather than setting out the provisions and leaving the reader to translate them into a process, it supplies the process: the checklists, the procedures, the timelines and the charts, with the law underneath them. The inclusion of NFRA and XBRL alongside the conventional audit material also brings together topics that are usually scattered across several separate references.
