Statutory Audit

The practice of independently confirming the completeness and accuracy of financial statements and other information is known as auditing. The goal of an audit is to ensure that a company’s financial statements and other information are free of significant fraud and misstatements.

In India, statutory audits are often carried out by certified public accountants (CPAs) and are mandated by law in several areas. It entails auditing accounting records, financial transactions, and bank balances to guarantee correctness and compliance with relevant laws and regulations.