<P> Statutory audit refers to the audit based on the laws applicable on the entity for the time being in force . It is governed by the Indian Accounting Standards ( Ind - AS ) issued by Institute of Chartered Accountants of India from time to time . A Chartered accountant holding a certificate of practice in India is qualified to be a statutory auditor of an entity . It is mandatory for a company in India to get the Statutory Audit of its financial statements done according to the provisions of Companies Act 2013 . </P>
<P> Statutory audit refers to the audit based on the laws applicable on the entity for the time being in force . It is governed by the Indian Accounting Standards ( Ind - AS ) issued by Institute of Chartered Accountants of India from time to time . A Chartered accountant holding a certificate of practice in India is qualified to be a statutory auditor of an entity . It is mandatory for a company in India to get the Statutory Audit of its financial statements done according to the provisions of Companies Act 2013 . </P>
who is required to get statutory audit done
who is required to get statutory audit done
a company in India
a company in India