External auditor and statutory auditors both are the same?

others 4572 views 2 replies

accounts

92 Points Joined June 2011

"External Auditor" and "Statutory Auditors" both are the same or different, pls commnet

Replies (2)

875 Points Joined January 2010

Please reply above the question

self business

52 Points Joined May 2011

External Auditor" and "Statutory Auditors" both are not

same.

statutory audit is comulsory audit OR audit by law is called statutory audit.
it is also called internal audit.

Only C.A. has right to conduct statutory audit. It happens only when the books of account is not maintained as per the accounting standard.

statutory audit investigate the fraud and mistakes in the companies financial satatements.

--------------------------------------------------------------------------------------------------

external auditors which are appointed by the organisation in their AGM.

Your are not logged in . Please login to post replies

Click here to Login / Register