Why audit is conducted in any company in India? Auditing is a crucial process for any company in India, as it helps to ensure the accuracy and integrity of financial statements and records. The primary purpose of an audit is to provide assurance that the financial statements of a company are free fr...

What are the procedures for statutory audit? Procedure for Statutory audit A statutory audit is a legally required review of a company's financial records and operations. The process typically involves the following steps in detail: Planning: The auditor will review the company's financial records a...