Why Statutory Audit?

Sat Jun 5, 2021

Statutory denotes that the Audit is required by the statute.

Legally required assessment of the accuracy of Financial statements and Records of the company or government.

The purpose of Statutory Audit is to check the fairness and accurate representation of such Financial Statements and Records.

Statutory Audit is designed to prevent misappropriation, ensuring regular examination by third parties.

Public Companies, Brokerage, and Investment Firms, Banks, and Insurance Companies are subject to Statutory Audit.