Statutory Audit

Every company registered / established under the Companies Act, 1956 in India has to get its accounts audited every year. It is directed to verify whether the company is adhering to all the compliance procedures applicable. In statutory audit, the statutory auditor has to report on the financial statements of the company for the given period as to whether they represent a true & fair view of the state of affairs of the company.

Statutory audit report serves as a significant tool of measure to all the stakeholders / general public in assessing the viability of the company in future with respect to their dealings.