Statutory Audit
Statutory Audit
Statutory Audit is the mandatory examination and checking of the financial information of every corporate entity irrespective of its size and profit goals. Such independent inspection is necessary to obtain an assurance whether the financial statements drawn for the organization is free from material misstatement and shows true state of affairs.
We carry out the entire audit precisely with thorough checking and ensure assessment of records accurately.
Validity of E-Way Bill
- An examination of internal financial system
- Verification and authenticity of transaction
- Comparison of items of financial statements with underlying records
- Verification of title, existence and value of assets
- Verification of liabilities
- Checking results shown as profit and loss
- Reporting to the appropriate person/body
Note
- Permission to inspect all requisite books, invoices, statements, documents, returns, registers, records and forms which is mandatory for an independent and true audit report
- Audit Engagement Letter is required to set out the appointment, terms and conditions, etc. in respect to the proposed Statutory Auditor