Statutory audit is an “external audit” conducted “annually” to meet the mandatory requirements as per the government.
Sometimes, statutory audit is also required to be conducted "quarterly" or "monthly".
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Statutory or Annual Audit is required to be carried out by:
If you are looking for an annual audit to be carried out of your financial statements, we suggest you move on to requirements or fees or why us or our team because the contents of this section are more of academic interest and addresses complex requirements. To know more, Read More.
(Note that this website does not claim to be an authority on the law of auditing. The examples and excerpts presented here are not the complete provisions of the laws and have to be read along with other provisions of the same law and related laws.)
Annual Audit report should be completed within 3 months of the end of the financial year of the business. For a detailed explanation, read more.
With more qualified auditors on the team, we are more economical and faster than most auditors although we have a more elaborate report format and carry out a deeper audit scrutiny.
To know more, Read More