Manish Marwah and Co is a well known chartered accountant firm which provides the best Statutory Auditing Services for your business.
Statutory Audit services are the inspection of a company’s financial statements and reports by an auditor to ensure its compliance with applicable laws and regulations. The purpose of the statutory audit is to help investors and other stakeholders make informed decisions when evaluating the company. Statutory audits are mandatory in most countries and are carried out by qualified and independent auditors who are registered with the local statutory auditing authority.
In India, the Companies Act, 2013 requires companies with a certain net worth and totality of turnover to get their accounts audited for the financial year by a qualified Chartered Accountant (CA) who is registered to provide Statutory Audit services.
Statutory Audit registration is required for any Chartered Accountant to provide Statutory Audit services in India. The Institute of Chartered Accountants of India (ICAI) is the registering authority for CAs. CAs need to appear for the Practicing Certificate Examination conducted by ICAI to obtain the Practicing Certificate and Registration.
Statutory Audit services provide assurance that financial statements issued by the company depict true and fair view of the Company’s financial position. The Statutory Audit is a systematic examination of financial statements of the company to ensure that the financial statements present the financial position of the company accurately in compliance with the applicable laws and regulations.
In conclusion, Statutory Audit services are crucial for companies to provide reliable financial information to their stakeholders. Statutory Audit registration is mandatory for every CA to provide Statutory Audit services in India.
