Please Help: AUDIT
Posted Date : 03-Aug-2012 , 05:35:33 pm | Posted By: PRAKASH KUMAR SINGH
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what is statutory audit |
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 Answer by: Rambabu Senkarasetti |
| A legally required review of the accuracy of a company's or government's financial records. The purpose of a statutory audit is the same as the purpose of any other audit - to determine whether an organization is providing a fair and accurate representation of its financial position by examining information such as bank balances, bookkeeping records and financial transactions.
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| Answer by: Vikash Kumar Jha |
| Statutory audit is performed by the external auditor.It is totally opposite of internal audit statutory auditors are appointed only at AGM of the company.
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| Answer by: Vikash Kumar Jha |
| It is done by the chartered accountant at the year end on the balance sheet items.And also he certified the correct position of the company. It can be done once in the year
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