About statutory audit

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ganesh kumar agrawal (Querist)
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16 December 2011 Dear sir
pls tell me why we do the statutory audit .what is the procedure for the statutory audit.
thanks

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Guest (Expert)

17 December 2011 Statutory Auditors report to the Government on the financial statements of Public Sector Undertakings - PSU's; Listed Public Limited Companies; Deemed Public Limited Companies and Private Limited Companies as specified in the Companies Act, 1956.

Statutory Auditors are also appointed by Co-operative Societies, Public Charitable & Religious Trusts, Association of Persons - AOP's like Sports Clubs and Associations to audit their annual accounts.

FCA Prashant Chavan

ganesh kumar agrawal

ganesh kumar agrawal (Querist)
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17 December 2011 Thank you sir

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