INTERVIEW QUESTIONS BUSINESS MANAGEMENT BUSINESS AUDIT DETAILS

Question: What is statutory audit?

Answer: It is a compulsory audit done by a CA.

It is a compulsory audit done by a CA. Source: CoolInterview.com

Finance Audit conduct by the CA to compliance the legal requirements of monitory issues. Source: CoolInterview.com

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. Source: CoolInterview.com

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 Source: CoolInterview.com

statuatory audit is nothing but compulsory audit Source: CoolInterview.com

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 Source: CoolInterview.com

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. Source: CoolInterview.com

statuatory audit is external audit but internal audit is valuable for com. Source: CoolInterview.com

statuatory audit is external audit but internal audit is valuable for com. Source: CoolInterview.com

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. Source: CoolInterview.com

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. Source: CoolInterview.com

An audit which the statute mandates is statutory audit Source: CoolInterview.com

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. Source: CoolInterview.com

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... Source: CoolInterview.com

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. Source: CoolInterview.com

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. Source: CoolInterview.com

Statutory Audit is a compulsory audit done yearly by a register external auditor. Source: CoolInterview.com

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	Not readable? Load New Code
Enter the above shown code: *
	Inform me about updated answers to this question