The word statutory stands here for the must required audit which is done by statute. Statues are the laws or enacted regulation by legislative branches of government organizations like RBI, Companies act , Income tax etc.
The statutory audit is a mandatory audit where investigations and reviews of the financial records, statements and account books of a company or organization are done and presented to statute and they cross check all the financial transactions, balance sheets, bookkeeping records. This audit is done every year after the end of the previous financial year. For these audit purposes a chartered accountant needs to conduct various audits according to the need of the different statute.
Our firm serves this audit with more patience and in depth detailing. Audits conducted by us are rigorous and business centered. We maintain trust of our clients on us, as we understand that management, handling and representation of their financial records will directly affect the reputation and growth of their business, thus we utilize our deep knowledge, skill and vast experience to find out each single element involved in running the business of our client, we also use latest and innovative methods so that we can do more accurate auditing.