The term Statutory Audit refers to the process of verification of financial statements or records of the Company. It is mandated to ensure that the financial statements of the entities represent a true and fair view of its state of affairs and profitability. Companies Act, 2013 makes it compulsory for every company to get its accounts audited by a Chartered Accountant in practice.
In other words, a statutory audit gives a realistic view of the company’s mismanagement or fraud assessment to prevent malpractices and ensure an ethical and transparent system for conducting business.
We, JKG Corporate Consultants LLP, has a professionally managed team with the expertise in financial accounting and management who have been providing advice to a wide range of companies concerning complex accounting procedures in a quick, timely, and efficient manner.
