#StatutoryAuditBenefits Archives - Knowledge Base

What is the purpose of a statutory audit for construction projects?

Statutory Audit for Construction Projects The purpose of a statutory audit for construction projects is to provide assurance to stakeholders that the financial statements of the project are free from material misstatement, whether caused by fraud or error. The auditor will also assess whether the project has complied with applicable laws and regulations, and… Read More »

What is the purpose of conducting a statutory audit for a contractual service provider?

Statutory Audit for Contractual Service Provider The objective behind performing a statutory audit for a contractual service provider is to guarantee transparency, accountability, and adherence to pertinent laws and regulations. A statutory audit involves an independent and thorough examination of the financial records, transactions, and operations of a company or entity to assess the… Read More »