Statutory Audits are audits mandated by a statute such as Companies Act 2013, Income Tax 1961, and Good& Services Tax Act 2017 etc.
The purpose of a statutory audit is to determine whether an organization is providing a true and fair view of its financial position by examining bookkeeping records and financial transactions. Also Statutory Audits are conducted to report the state of company’s finances and accounts to the Government of India. At HCO a well-qualified team of auditors is designated to do such audits. The audit is conducted I accordance with relevant national and international auditing standards and audit report is prepared strictly in accordance with the rules and regulations defined by the Government agencies.
