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Auditing is an examination of the books and records of business in order to verify and report upon the facts regarding financial operations of the organisation.
Answer

The purpose of a statutory audit is the same as the purpose of any other type of audit: to determine whether an organization is providing a fair and accurate representation of its financial position by examining information such as bank balances, bookkeeping records and financial transactions.

Answer

In India, the term "statutory auditor" refers to an external auditor whose appointment is mandated by law. A "statutory audit" is a legally required review of the accuracy of a company's or government's financial records.

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Statutory Audit is Audit of Books of Accounts according to requirements of any Statute to ensure true and fair view of the accounts

Answer

Statutory auditor refres to an extneal auditor whose appointment is  mandated by law.A stalutory adudit is a legally required review of the accuracy of a company or goverment financial rewards.

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