Audit Planning and Scope Definition

• Define the audit objective—general compliance, financial, or statutory

• Scope includes filings under the LLP Act, tax laws, labor laws, and GST

• Identify the period to be audited (usually the past financial year)

• Auditor may be internal, external, or appointed as per LLP agreement

• Prepare an audit plan covering departments, records, and key filings

Document and Record Review

• Examine LLP Agreement, incorporation documents, and Form 3

• Review annual filings like Form 8 (accounts) and Form 11 (return)

• Verify statutory registers, minutes, resolutions, and ROC filings

• Inspect tax returns, GST compliance, TDS, and labor registrations

• Cross-check PAN, TAN, IEC (if applicable), and other regulatory IDs

Compliance Checklist Verification

• Check timely filing of MCA forms and returns

• Confirm appointment of designated partners and their KYC compliance

• Ensure proper maintenance of financial records and books of accounts

• Review regulatory licenses—GST, FSSAI, MSME, Shop Act, etc.

• Ensure payroll, EPF, ESIC, and contract labor laws are followed if applicable

Reporting and Rectification

• Prepare a detailed compliance report noting gaps and observations

• Highlight missed filings, late fees, or potential penalties

• Recommend corrective steps with timeline and responsible persons

• Share report with designated partners for review and approval

• LLP should take immediate action to rectify non-compliances

Filing and Follow-Up

• File any overdue forms with ROC and clear pending liabilities

• Maintain records of compliance audit and rectifications

• Schedule regular internal audits or quarterly reviews for future

• Keep auditors informed of updates or structural changes in LLP

• Use audit report as a benchmark for future compliance monitoring