Find The TOP AUDITOR IN INDIA

1. Find The TOP AUDITOR IN INDIA Finding a great local accountant in your area is easy with G.K Kedia. Whatever accountancy service you need, from finding a chartered accountant or help with bookkeeping to tax return support, enter your location above and we’ll do all the legwork to get you accountancy service quotes from the best accountants near you fast and free. Before you know the meaning of the statutory auditor, it is essential to understand the purpose of the audit. Some people think that it is only about checking. However, the term is comprehensive and encompasses a lot more than just ‘checking’. Moreover, to become the statutory auditor in India, you have to be a qualified Chartered Accountant. No other person has the authority to conduct a statutory audit for any organization. Deviation of such rules can lead to adverse legal consequences.

2. Definition of Statutory Audit A statutory audit is a legally required check of the accuracy of the financial statements and records of a company or government. A statutory audit is intended to determine if an organization delivers an honest and accurate representation of its financial position by evaluating information, such as bank balances, financial transactions, and accounting records. An audit is an examination of records held by an agency, company, government department, or individual. This usually involves analyzing different financial records or other areas. Role of Statutory Auditor To operate the business smoothly and without any complications, a statutory audit is significant. Moreover, it is mandatory for certain companies as per the relevant laws. The term statutory signifies that statutory audit is necessary. A statutory auditor applies various rules to conduct the audit as the respective statute requires. These are the Auditing and Accounting Standards. Also, the person must have sufficient knowledge and skills to identify the errors, misrepresentations, or frauds, if any. Moreover, the most significant duty of the statutory auditor is to express a reasonable opinion in the Final Audit Report. A Chartered Accountant must adhere to all the procedures and standards of the Institute. Skills of the Statutory Auditor The primary skills of the statutory auditor are as follows;-

3. ● Self-motivation and determination concerning the discharge of duties ● Expressing an opinion in the independent manner ● Excellent skills to meticulously solve the problems ● Accounting knowledge and ability to deal with statistical issues ● Ability to work in a diverse environment A person must acquire all these skills after qualifying for the final examination of the Chartered Accountancy course. Only then can he become an excellent statutory auditor in India. CONTACT US Head Office : Delhi 812, Naurang House, 21, KG Marg,Atul Grove Road, Janpath,Connaught Place, New Delhi, 110001, India Phone:+91-11-47259900 ,1800110099 (India Toll Free) Fax:+918826897201 Emails:sangeeta.singh@gkkediaandco.com

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