Statutory audit

U mean the whole company ? or a specific area like expense, income, asset etc There are infinite steps to audit a company. U can only limit the checking through past experience of the same client and observed weaknesses. 

U can print a trial balance and take the biggest ledger or each head..for e.g direct income - sale of X (which is the highest value in the head direct income). take invoices, check date, amt etc. similarly verify loans, advances, deposits, assets etc. Just verify the assertions of trial balance

audit of private company. Need practical steps that must be followed by auditor. and also the points to be checked.?