It is a compulsory audit done by a CA.
Finance Audit conduct by the CA to compliance the legal requirements of monitory issues.

WHAT IS STATUTORY AUDIT?
It is a compulsory audit done by a CA.
Finance Audit conduct by the CA to compliance the legal requirements of monitory issues.

Q:- What is statutory audit?
A:-
1) It is a compulsory audit done by a CA.
Finance Audit conduct by the CA to compliance the legal requirements of monitory issues.

2)

IF AUDIT FOR BUSINESS ORGANISATION IS MADE COMPLUSORY BY LAW.. THEN SUCH AUDIT IS STATUTORY AUDIT.. THE BUSINESS ORGANISATION FOR WHICH AUDIT IS MANDATORY IS BANKIN CO, INSUARNCE COMPANIES , COOPERATIVE SOCIETIES ETC...

It is a compulsory audit for some organization & very important for detect business position like- fraud,profit & loss position etc.
and It's always conducted by Chartered Accountant.

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