CoolInterview.com - World's Largest Collection of Interview Questions & Answers, FAQs, queries, sample papers, exam papers, dumps, what, why, how, where, when questions
Interview Success Kit - Get Success in Job Interviews Interview Success Kit - 30,000 Interview Que. & Ans.
Covers 30,000+ Interview Questions asked in actual MNC Interviews - all with model answers.
Get Your Dream Job Now - www.vyoms.com
Sponsored Links
Interview Questions
Our Services

INTERVIEW QUESTIONS AUDIT DETAILS
Question :
What is statutory audit?

Posted by: vinay on 8/6/2013

Contact vinay Contact vinay
Category Audit Interview Questions
Rating (3.4) By 50 users
Added on 8/6/2013
Views 909
Rate it!
Answers:

It is a compulsory audit done by a CA.



Posted by: BALA

Contact BALA Contact BALA

Finance Audit conduct by the CA to compliance the legal requirements of monitory issues.



Posted by: Saeed Mahr

Contact Saeed Mahr Contact Saeed Mahr

Statutory audit is performed by the external auditor.It is totally opposite of internal audit statutory auditors are appointed only at a.g.m of the company.



Posted by: ashish sharma

Contact ashish sharma Contact ashish sharma

Statutory aduit is basically verified or certified by the CA that the book of accounts are maintained as per enactment of the law or as per custom of the entity who have not followed Accounting standard & other law near there to



Posted by: CA MBA Rakhit Jain

Contact CA MBA Rakhit Jain Contact CA MBA Rakhit Jain

statuatory audit is nothing but compulsory audit



Posted by: ravindra

Contact ravindra Contact ravindra

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



Posted by: sujatha

Contact sujatha Contact sujatha

statutory audit is an audit whcih is conducted by a person or a firm in whcih all the partners are member of ICAI and holding Certificate of practice, statutory auditor is basically responsible for reporting on mistakes , errors which they find during the course of audit.



Posted by: Gurwant Singh

Contact Gurwant Singh Contact Gurwant Singh

statuatory audit is external audit but internal audit is valuable for com.



Posted by: pritam garg

Contact pritam garg Contact pritam garg

statuatory audit is external audit but internal audit is valuable for com.



Posted by: pritam garg

Contact pritam garg Contact pritam garg

Statutory audit is just compliance of the legal requirement.
in statutory audit auditors has to comment on the true and fair view of the financial statements of the entity.



Posted by: CA Hitesh Jain

Contact CA Hitesh Jain Contact CA Hitesh Jain

Statutory audit is just compliance of the legal requirement.
in statutory audit auditors has to comment on the true and fair view of the financial statements of the entity.



Posted by: Sona

Contact Sona Contact Sona

An audit which the statute mandates is statutory audit



Posted by: Harshal Jivani

Contact Harshal Jivani Contact Harshal Jivani

Statutory audit is done by chartered Accountants, to verify the financial statement's fairness and it is done annually.It ensures that, to the best knowledge of the auditors, financial statements are free from any misrepresentations and frauds.



Posted by: CA Akanksha

Contact CA Akanksha Contact CA Akanksha

statutory audit is comulsory audit OR audit by law is called statutory audit.
it is also called internal audit.
it is done by independant charter accountant.
statutory audit investigate the fraud and mistakes in the companies financial satatements...



Posted by: tasawar rehman

Contact tasawar rehman Contact tasawar rehman

Only C.A. has right to conduct statutory audit. It happens only when the books of account is not maintained as per the accounting standard.



Posted by: Dipesh

Contact Dipesh Contact Dipesh

Statutory Audit is audit done by CA firm on annual basis. It is audit done by external auditors which are appointed by the organisation in their AGM.They look for whether balancesheet represents true and fair view as per AS issued by the ICAI or as per their related By-Laws.



Posted by: CA Rupa Sharma

Contact CA Rupa Sharma Contact CA Rupa Sharma

Statutory Audit is a compulsory audit done yearly by a register external auditor.



Posted by: Omar kofa Komora

Contact Omar kofa Komora Contact Omar kofa Komora

If you have the better answer, then send it to us. We will display your answer after the approval.
Rules to Post Answers in CoolInterview.com:-

  • There should not be any Spelling Mistakes.
  • There should not be any Gramatical Errors.
  • Answers must not contain any bad words.
  • Answers should not be the repeat of same answer, already approved.
  • Answer should be complete in itself.
  • Name :*
    Email Id :*
    Answer :*
    Verification Code Code Image - Please contact webmaster if you have problems seeing this image code Not readable? Load New Code
    Process Verification Enter the above shown code: *
    Inform me about updated answers to this question

    Related Questions
    View Answer
    What is audit?
    View Answer
    What do you mean by vouching?
    View Answer

    Please Note: We keep on updating better answers to this site. In case you are looking for Jobs, Pls Click Here Vyoms.com - Best Freshers & Experienced Jobs Website.

    View ALL Audit Interview Questions & Answers

    User Options
    Latest 20 Questions
    How to create arrays in JavaScript?
    How can JavaScript codes be hidden from old browsers that don?t support JavaScript ?
    What is namespacing in JavaScript and how is it used?
    What are the decodeURI() and encodeURI()?
    How are DOM utilized in JavaScript?
    Write the point of difference between web-garden and a web-farm?
    What is the ?Strict? mode in JavaScript and how can it be enabled ?
    What are escape characters?
    How can convert the string of any base to integer in JavaScript?
    What is the difference between ViewState and SessionState?
    Write the code for adding new elements dynamically ?
    Between JavaScript and an ASP script, which is faster?
    What are JavaScript types ?
    What qualities do you look for in a boss?
    How you would be an asset to this company?
    Why should we hire you?
    What is project implementation?
    Differentiate Public and Private Accounting?
    Explain what is compound journal entry ?
    Differentiate between provision and reserve?


    Copyright ©2003-2016 CoolInterview.com, All Rights Reserved.
    Privacy Policy | Terms and Conditions

    Download Yahoo Messenger | Placement Papers| FREE SMS | ASP .Net Tutorial | Web Hosting | Dedicated Servers | C Interview Questions & Answers

    Testing Articles | Testing Books | Testing Certifications | Testing FAQs | Testing Downloads | Testing Interview Questions | Testing Jobs | Testing Training Institutes


    Cache = 0.015625 Seconds