{"id":16858,"date":"2023-08-30T07:47:16","date_gmt":"2023-08-30T07:47:16","guid":{"rendered":"https:\/\/vibrantfinserv.com\/kb\/?p=16858"},"modified":"2024-04-22T11:18:57","modified_gmt":"2024-04-22T11:18:57","slug":"financial-statements-for-statutory-audit","status":"publish","type":"post","link":"https:\/\/vibrantfinserv.com\/kb\/financial-statements-for-statutory-audit\/","title":{"rendered":"Financial statements for Statutory Audit: What are the key financial statements audited in a Furniture &#038; Appliances Trader &#038; Stores?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_79 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/vibrantfinserv.com\/kb\/financial-statements-for-statutory-audit\/#i\" >Financial statements for Statutory Audit<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/vibrantfinserv.com\/kb\/financial-statements-for-statutory-audit\/#1_Balance_Sheet\" >1. Balance Sheet:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/vibrantfinserv.com\/kb\/financial-statements-for-statutory-audit\/#2_Income_Statement\" >2. Income Statement:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/vibrantfinserv.com\/kb\/financial-statements-for-statutory-audit\/#3_Statement_of_Cash_Flows\" >3. Statement of Cash Flows:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/vibrantfinserv.com\/kb\/financial-statements-for-statutory-audit\/#4_Statement_of_Changes_in_Equity\" >4. Statement of Changes in Equity:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/vibrantfinserv.com\/kb\/financial-statements-for-statutory-audit\/#1_Balance_Sheet-2\" >1. Balance Sheet:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/vibrantfinserv.com\/kb\/financial-statements-for-statutory-audit\/#2_Income_Statement-2\" >2. Income Statement:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/vibrantfinserv.com\/kb\/financial-statements-for-statutory-audit\/#3_Statement_of_Cash_Flows-2\" >3. Statement of Cash Flows:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/vibrantfinserv.com\/kb\/financial-statements-for-statutory-audit\/#4_Statement_of_Changes_in_Equity-2\" >4. Statement of Changes in Equity:<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"i\"><\/span><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-18 alignleft\" src=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/05\/Logo-Vibrant-FinServ-300x143.png\" alt=\"\" width=\"92\" height=\"44\" srcset=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/05\/Logo-Vibrant-FinServ-300x143.png 300w, https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/05\/Logo-Vibrant-FinServ.png 482w\" sizes=\"auto, (max-width: 92px) 100vw, 92px\" \/><span style=\"color: #000000;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Certainly, here are the fundamental financial statements typically subject to auditing within the context of a Furniture &amp; Appliances: Trader &amp; Stores business:\\n\\nBalance Sheet: This statement presents the company's assets, liabilities, and equity at a specific moment in time. It offers a snapshot of the company's financial position.\\n\\nIncome Statement: This statement displays the company's revenues, expenses, and profits over a defined time frame. It serves as a gauge of the company's profitability.\\n\\nStatement of Cash Flows: This statement reveals the company's cash inflows and outflows during a specific period. It assists in tracking the company's liquidity and financial stability.\\n\\nStatement of Changes in Equity: This statement illustrates alterations in the company's equity over a designated period. It tracks the company's financial performance and the impact of its actions on shareholders' equity.\\n\\nIn addition to these four statements, the auditor might also scrutinize other financial statements, like the statement of retained earnings or the management discussion and analysis. The selection of financial statements to be audited depends on the company's specific requirements and the concerns of its stakeholders.\\n\\nHere are further insights into each of these key financial statements:\\n\\nBalance Sheet: The balance sheet is divided into two primary parts: assets and liabilities. Assets encompass items owned by the company, such as cash, inventory, and furniture. Liabilities cover obligations of the company, such as accounts payable and loans. The equity section reflects the disparity between assets and liabilities.\\n\\nIncome Statement: The income statement is segmented into two key segments: revenues and expenses. Revenues signify the earnings derived from the company's sales, while expenses represent the costs associated with operating the business. Profit is the outcome of subtracting expenses from revenues.\\n\\nStatement of Cash Flows: This statement depicts shifts in the company's cash balance over a specific duration. This is categorized into three sections: operating activities, investing activities, and financing activities. Operating activities encompass cash flows linked to day-to-day operations. Investing activities entail cash flows pertaining to investments. Financing activities include cash flows related to borrowings and repayments.\\n\\nStatement of Changes in Equity: This statement discloses modifications in the company's equity balance throughout a particular timeframe. It is divided into two main segments: net income and other comprehensive income. Net income mirrors the profit from the income statement, while other comprehensive income encompasses non-cash elements, such as adjustments in investment values.\\n\\nThe audit of these financial statements is a crucial procedure that fosters accuracy and reliability. The auditor examines the company's financial records and processes to identify potential irregularities. Additionally, they engage in discussions with the company's management to gain insights into the business. Following the audit, the auditor produces a report expressing their evaluation of the fairness of the financial statements.&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:573,&quot;3&quot;:{&quot;1&quot;:0},&quot;5&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;6&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;7&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;8&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;12&quot;:0}\"><strong>Financial statements for Statutory Audit<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<h1 style=\"text-align: center;\"><span style=\"color: #000000;\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-13170 alignright\" src=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/08\/Financial-Transaction-300x150.jpg\" alt=\"Financial statements for Statutory Audit\" width=\"236\" height=\"118\" srcset=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/08\/Financial-Transaction-300x150.jpg 300w, https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/08\/Financial-Transaction-768x384.jpg 768w, https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/08\/Financial-Transaction-660x330.jpg 660w, https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/08\/Financial-Transaction.jpg 980w\" sizes=\"auto, (max-width: 236px) 100vw, 236px\" \/><\/span><\/h1>\n<p><span style=\"color: #000000;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Certainly, here are the fundamental financial statements typically subject to auditing within the context of a Furniture &amp; Appliances: Trader &amp; Stores business:\\n\\nBalance Sheet: This statement presents the company's assets, liabilities, and equity at a specific moment in time. It offers a snapshot of the company's financial position.\\n\\nIncome Statement: This statement displays the company's revenues, expenses, and profits over a defined time frame. It serves as a gauge of the company's profitability.\\n\\nStatement of Cash Flows: This statement reveals the company's cash inflows and outflows during a specific period. It assists in tracking the company's liquidity and financial stability.\\n\\nStatement of Changes in Equity: This statement illustrates alterations in the company's equity over a designated period. It tracks the company's financial performance and the impact of its actions on shareholders' equity.\\n\\nIn addition to these four statements, the auditor might also scrutinize other financial statements, like the statement of retained earnings or the management discussion and analysis. The selection of financial statements to be audited depends on the company's specific requirements and the concerns of its stakeholders.\\n\\nHere are further insights into each of these key financial statements:\\n\\nBalance Sheet: The balance sheet is divided into two primary parts: assets and liabilities. Assets encompass items owned by the company, such as cash, inventory, and furniture. Liabilities cover obligations of the company, such as accounts payable and loans. The equity section reflects the disparity between assets and liabilities.\\n\\nIncome Statement: The income statement is segmented into two key segments: revenues and expenses. Revenues signify the earnings derived from the company's sales, while expenses represent the costs associated with operating the business. Profit is the outcome of subtracting expenses from revenues.\\n\\nStatement of Cash Flows: This statement depicts shifts in the company's cash balance over a specific duration. This is categorized into three sections: operating activities, investing activities, and financing activities. Operating activities encompass cash flows linked to day-to-day operations. Investing activities entail cash flows pertaining to investments. Financing activities include cash flows related to borrowings and repayments.\\n\\nStatement of Changes in Equity: This statement discloses modifications in the company's equity balance throughout a particular timeframe. It is divided into two main segments: net income and other comprehensive income. Net income mirrors the profit from the income statement, while other comprehensive income encompasses non-cash elements, such as adjustments in investment values.\\n\\nThe audit of these financial statements is a crucial procedure that fosters accuracy and reliability. The auditor examines the company's financial records and processes to identify potential irregularities. Additionally, they engage in discussions with the company's management to gain insights into the business. Following the audit, the auditor produces a report expressing their evaluation of the fairness of the financial statements.&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:573,&quot;3&quot;:{&quot;1&quot;:0},&quot;5&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;6&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;7&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;8&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;12&quot;:0}\">Financial statements for Statutory Audit:\u00a0 Here are the fundamental financial statements for Statutory audit typically subject to auditing within the context of a Furniture &amp; Appliances Trader &amp; Stores business:<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"1_Balance_Sheet\"><\/span><span style=\"color: #000000;\"><strong>1. Balance Sheet:<\/strong> <\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"padding-left: 40px;\"><span style=\"color: #000000;\">This statement presents the company&#8217;s assets, liabilities, and equity at a specific moment in time. It offers a snapshot of the company&#8217;s financial position.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_Income_Statement\"><\/span><span style=\"color: #000000;\"><strong>2. Income Statement:<\/strong> <\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"padding-left: 40px;\"><span style=\"color: #000000;\">This statement displays the company&#8217;s revenues, expenses, and profits over a defined time frame. It serves as a gauge of the company&#8217;s profitability.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_Statement_of_Cash_Flows\"><\/span><span style=\"color: #000000;\"><strong>3. Statement of Cash Flows:<\/strong> <\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"padding-left: 40px;\"><span style=\"color: #000000;\">This statement reveals the company&#8217;s cash inflows and outflows during a specific period. It assists in tracking the company&#8217;s liquidity and financial stability.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_Statement_of_Changes_in_Equity\"><\/span><span style=\"color: #000000;\"><strong>4. Statement of Changes in Equity:<\/strong> <\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"padding-left: 40px;\"><span style=\"color: #000000;\">This statement illustrates alterations in the company&#8217;s equity over a designated period. It tracks the company&#8217;s financial performance and the impact of its actions on shareholders&#8217; equity.<\/span><\/p>\n<p><span style=\"color: #000000;\">In addition to these four statements, the auditor might also scrutinize other financial statements, like the statement of retained earnings or the management discussion and analysis. The selection of financial statements to be audited depends on the company&#8217;s specific requirements and the concerns of its stakeholders.<\/span><\/p>\n<p><strong><span style=\"color: #000000;\">To visit:<\/span> <a class=\"in-cell-link\" href=\"https:\/\/www.incometax.gov.in\/\" target=\"_blank\" rel=\"noopener\">https:\/\/www.incometax.gov.in<\/a><\/strong><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #000000;\"><strong>Here are further insights into each of these Financial statements for Statutory Audit:<\/strong><\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"1_Balance_Sheet-2\"><\/span><span style=\"color: #000000;\"><strong>1. Balance Sheet:<\/strong> <\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"padding-left: 40px;\"><span style=\"color: #000000;\">The balance sheet is divided into two primary parts: assets and liabilities. Assets encompass items owned by the company, such as cash, inventory, and furniture. Liabilities cover obligations of the company, such as accounts payable and loans. The equity section reflects the disparity between assets and liabilities.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_Income_Statement-2\"><\/span><span style=\"color: #000000;\"><strong>2. Income Statement:<\/strong> <\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"padding-left: 40px;\"><span style=\"color: #000000;\">The income statement is segmented into two key segments: revenues and expenses. Revenues signify the earnings derived from the company&#8217;s sales, while expenses represent the costs associated with operating the business. Profit is the outcome of subtracting expenses from revenues.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_Statement_of_Cash_Flows-2\"><\/span><span style=\"color: #000000;\"><strong>3. Statement of Cash Flows:<\/strong> <\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"padding-left: 40px;\"><span style=\"color: #000000;\">This statement depicts shifts in the company&#8217;s cash balance over a specific duration. This is categorized into three sections: operating activities, investing activities, and financing activities. Operating activities encompass cash flows linked to day-to-day operations. Investing activities entail cash flows pertaining to investments. Financing activities include cash flows related to borrowings and repayments.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_Statement_of_Changes_in_Equity-2\"><\/span><span style=\"color: #000000;\"><strong>4. Statement of Changes in Equity:<\/strong> <\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"padding-left: 40px;\"><span style=\"color: #000000;\">This statement discloses modifications in the company&#8217;s equity balance throughout a particular timeframe. It is divided into two main segments: net income and other comprehensive income. Net income mirrors the profit from the income statement, while other comprehensive income encompasses non-cash elements, such as adjustments in investment values.<\/span><\/p>\n<p><span style=\"color: #000000;\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-11326 alignright\" src=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/06\/Financial-statements.png\" alt=\"Financial statements for Audit\" width=\"247\" height=\"164\" \/><\/span><\/p>\n<p><span style=\"color: #000000;\">The audit of these Financial statements for Statutory Audit\u00a0is a crucial procedure that fosters accuracy and reliability. The auditor examines the company&#8217;s financial records and processes to identify potential irregularities. Additionally, they engage in discussions with the company&#8217;s management to gain insights into the business. Following the audit, the auditor produces a report expressing their evaluation of the fairness of the financial statements.<\/span><\/p>\n<p><strong><span style=\"color: #000000;\">For further details access our website:<\/span> <a class=\"in-cell-link\" href=\"https:\/\/vibrantfinserv.com\/\" target=\"_blank\" rel=\"noopener\">https:\/\/vibrantfinserv.com<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Financial statements for Statutory Audit Financial statements for Statutory Audit:\u00a0 Here are the fundamental financial statements for Statutory audit typically subject to auditing within the context of a Furniture &amp; Appliances Trader &amp; Stores business: 1. Balance Sheet: This statement presents the company&#8217;s assets, liabilities, and equity at a specific moment in time. It offers\u2026 <span class=\"read-more\"><a href=\"https:\/\/vibrantfinserv.com\/kb\/financial-statements-for-statutory-audit\/\">Read More &raquo;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":13170,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2459],"tags":[3616,3617,3618],"class_list":["post-16858","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-statutory-audit","tag-financialauditfurnitureappliances","tag-storefinancialstatementsaudit","tag-traderbusinessaudit"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Financial statements for Statutory Audit\/ Article\/ VibrantFinserv-<\/title>\n<meta name=\"description\" content=\"Financial statements for Statutory Audit:\u00a0 Here are the fundamental financial statements for Statutory audit typically subject to auditing-\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/vibrantfinserv.com\/kb\/financial-statements-for-statutory-audit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Financial statements for Statutory Audit\/ Article\/ VibrantFinserv-\" \/>\n<meta property=\"og:description\" content=\"Financial statements for Statutory Audit:\u00a0 Here are the fundamental financial statements for Statutory audit typically subject to auditing-\" \/>\n<meta property=\"og:url\" content=\"https:\/\/vibrantfinserv.com\/kb\/financial-statements-for-statutory-audit\/\" \/>\n<meta property=\"og:site_name\" content=\"Knowledge Base | Vibrant Finserv\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-30T07:47:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-22T11:18:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/08\/Financial-Transaction.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"980\" \/>\n\t<meta property=\"og:image:height\" content=\"490\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"kbadmin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"kbadmin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/financial-statements-for-statutory-audit\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/financial-statements-for-statutory-audit\/\"},\"author\":{\"name\":\"kbadmin\",\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/#\/schema\/person\/51e4fe2a2fecbd55efb5d87c1afe5345\"},\"headline\":\"Financial statements for Statutory Audit: What are the key financial statements audited in a Furniture &#038; 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