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What work does statutory auditor do?

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تم إضافة السؤال من قبل Rahaf Masri , Account Sales Director , MT3 Digital
تاريخ النشر: 2015/06/24
ايمن محمد عاطف محمد
من قبل ايمن محمد عاطف محمد , Director of the control and regulation unit , ACOLID

Statutory Audit'A legally required review of the accuracy of a company's or government's financial records. The purpose of a statutory audit is the same as the purpose of any other 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.

Abdelhafiz Elkhidir Sidahmed Mohammed Kheer
من قبل Abdelhafiz Elkhidir Sidahmed Mohammed Kheer , مدير التدريب والدراسات والبحوث , اتحاد المصارف السوداني

I agree with answers >>>>>>>>>

حسين محمد ياسين
من قبل حسين محمد ياسين , Finance Manager , مؤسسة عبد الماجد محمد العمر للمقاولات العامة

agree with answers >>>>>>>>>>>>>>>>>>>??>>>>>>>>>>>>>>>>

Wasim khan wazir
من قبل Wasim khan wazir , Finance Specialist , Mott Macdonald

The outside, independent auditois engaged to render an opinion on whether a company’s financial statements are presented fairly, in all material respects, in accordance with financial reporting framework. The audit provides users such as lenders and investors with an enhanced degree of confidence in the financial statements. An audit conducted in accordance with GAAP and relevant ethical requirements enables the auditor to form that opinion.

To form the opinion, the auditor gathers appropriate and sufficient evidence and observes, tests, compares and confirms until gaining reasonable assurance. The auditor then forms an opinion of whether the financial statements are free of material misstatement, whether due to fraud or error.

 

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