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Updated on 16 May 2022 9.00 AM IST | 4 min read
Statutory Audit Overview
Statutory audit is an audit conducted by the external auditors to ensure that all the financial details of the company are correct & without any scam. Statutory audit is mandatory by the law. Statutory auditors are appointed by reserve bank of India (RBI) in association with institute of chartered accountants of India (ICAI). It is a mandatory for all companies registered under the companies act. Every public or a private limited company has to mandatorily audit its books of accounts every year. The main purpose of doing this type of audit is to check the information of a company such as bank balances, bookkeeping records & financial transactions to ensure that the company is presenting the fair & accurate picture of its financial records. Reports of statutory audit are shared with the shareholders.
Finacbooks provides wide range of accountancy services and statutory audit is one of them. We provide statutory audit service to various businesses and complete the audit in duration of few days.
To get the best deals on statutory audit service, you have to tell us the following things mentioned below –
- Your company name
- Type of industry i.e. banking & finance, manufacturing, food, chemical, IT & consulting etc.
- Type of service provider i.e. Individual consultant, consulting firm or any.
- Type of service contract i.e. one time contract, contract for many years or any one of them.
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