Tag Archives: #StatutoryAuditRequirements

What legal or regulatory requirements mandate a statutory audit for contractual service providers?

Audit for Contractors   The requirements for a statutory audit for contractors service providers can differ across various jurisdictions due to legal and regulatory variations. Generally, statutory audits are conducted to ensure transparency, accuracy and compliance with financial regulations. While I can provide some common reasons, it’s important to consult the specific laws and regulations… Read More »

What is the difference between Statutory Audit and Cost Audit?

Statutory Audit Vs Cost Audit    Statutory Audit and Cost Audit are two distinct types of financial audits with different purposes and legal requirements. Statutories audit are a mandatory audit conducted in accordance with the law for all companies in India. Its objective is to verify that a company’s financial statements provide a true and… Read More »