What Is the Meaning of Statutory Auditing?

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A statutory audit is conducted to meet the requirements of a government agency and its scope and audit programs are set by the governmental body involved. Many companies such as banks, insurance companies, brokerage firms usually undergo statutory audits.
Q&A Related to "What Is the Meaning of Statutory Auditing"
One conducted to meet the particular requirements of a governmental agency. Where such audits take place, the scope and audit programs are set by the governmental body. Banks, insurance
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A non-statutory audit is a review and verification of a company or organization's business that is not required by either the law or a regulatory agency. In some cases, a company
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Statutory audits are required by governmental agencies or industry regulators. Banks, insurance companies and. general. firms provide audited statutory financial statements periodically
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I'm not sure controls testing would be the best example, but there are certainly many audit tasks that could be (or already are) automated. The pronouncements, however, place a heavy
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statutory auditing | Define statutory auditing at Dictionary.com
dictionary.reference.com/browse/statutory auditing
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Statutory auditing is the mandatory checking of accounts as required by law. The audits are usually carried out so that an organisation can meet the particular requirements of a governmental agency. Banks, insurance companies, and brokerage firms are some of the companies that have statutory audits.
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Non-statutory law is a branch of law that deals with sources other than statutory law. This means that it is defined by tradition, precedent and custom instead ...
Statutory body is having or relating to the nature of a statute. It is also defined as an organisation that has the authority of checking of the businesses or ...
A statutory body is an entity that is established under an Act. It normally has control of certain funds. Its governing body includes at least one member who is ...
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