Tag Archives: #AuditConduct

What is the difference between statutory and non-statutory audit?

Statutory Vs. non-statutory audit

Statutory and non-Statutory Audit Statutory audit and non-statutory audit are two types of audits that serve different purposes. A statutory audits is a legally required audit that is performed to ensure that a company’s financial statements are accurate and comply with applicable accounting standards and laws. This type of audit is typically conduct by an… Read More »

What is an external audit?

Auditing for Insurance Companies

 An External Audit An external audit, also referred to as an independent audit or statutory audit, involves an impartial auditor examining a company’s financial statements and accounting records. The main objective of this audit is to provide assurance to the stakeholders of the company, including shareholders, creditors, and investors. It verifies that the financial statements… Read More »