Company secretary audit
A company secretary typically does not perform audits. The role of a Company secretary audit primarily involves ensuring compliance with legal and regulatory requirements, providing support to the board of directors, maintaining company records, and facilitating corporate governance processes.
Auditing, on the other hand, is a specialized field that involves the examination and verification of financial records, statements, and processes of an organization. Audits are typically conducted by qualified professionals known as auditors, who may be external to the organization or employed within an audit firm.
While a company secretary may assist in the audit process by providing necessary information and documentation, they are not typically responsible for conducting the actual audit or expressing an opinion on the financial statements of the company.
The audit function is usually performed by independent auditors who have the necessary expertise and qualifications in auditing and accounting. These auditors are responsible for assessing the financial health and accuracy of the company’s financial statements, ensuring compliance with accounting standards and laws, and providing an unbiased opinion on the financial position of the company.
Therefore, It’s important to maintain a clear separation of duties and responsibilities of company secretary. It is as important as the role of a company secretary and the audit function to ensure independence, objectivity, and compliance with professional standards
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