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What is a Statutory Audit?
A Statutory Audit is an audit of accounts required by law. For instance, a municipality may be required by its own regulations to have an annual audit of financial records. Similarly, a company governed by any law may be mandated by that law to conduct an audit, specifying the manner in which the audit should be conducted and to whom the auditors’ report should be presented. For example, in the case of companies, the Companies Act requires an audit of accounts, its reporting, and the manner of the audit report.
The principal objective of the Statutory Audit is to ensure that the financial statements—i.e., the Balance Sheet, Profit & Loss Account, Cash Flow Statement, and Notes forming part of the Balance Sheet and Profit & Loss Account—give a true and fair view and are free from any material misstatements. We ensure that the financial statements are drawn up with proper presentation and disclosure requirements as per the applicable laws. We also ensure that the auditee has fulfilled all legal compliances.
Our clients can avail themselves of our Statutory Audit and Society Audit services, meticulously carried out by our team of experienced professionals. The financial audit is conducted in accordance with the legal requirements concerning monetary issues. Our chartered accountants provide clear information on the financial statements of the organization.
Auditing Services in Vietnam
We offer a wide range of auditing services that are highly accurate and dependable. These auditing services enable clients to improve their financial stability and enhance the effectiveness of their decision-making. The significance of efficient auditing services has further increased due to the ever-expanding scope of work for companies in today’s scenario. Our auditing services enable clients to comply with regulatory standards and effectively identify and manage risks.
Please feel free to contact us. We will be more than happy to help.
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