Hussain Al Shemsi Chartered Accountants (HALSCA)

Statutory auditing is a form of audit required by a law or regulation to ensure that the account books submitted to regulators and the public are accurate and honest. Statutory audit is compulsory if the company follows such requirements. It is done by a professional Chartered Accountant who is independent of the organization. Let’s get to the Legislative Audit in depth. Hussain Al Shemsi Chartered Accountants (HALSCA) What is statutory Audit? Statutory Audit is an audit mandated by the various laws, such as Reserve Bank of India, Income Tax, Companies Act, etc. A Chartered Accountant must carry out several audits according to various classification criteria. Audit of banks by statute is mandatory. RBI nominates legislative auditors in accordance with the ICAI. A very thorough audit is performed in every branch of the banks every year after the end of the preceding financial year. The process for doing a statutory audit The statutory auditors should ensure that t...

There are many accredited  auditors in Dubai and UAE  and Auditors in  Abu Dhabi  but you need to employ experienced smart auditors to monitor your company’s financial status for an effective audit program.  Halsca  have years of experience offering  audit services in Dubai, UAE . We have vast expertise that helps clients perform  statutory and external audit  A business with  qualified auditors  in Dubai we provide results-oriented services to our clients. Goals of Audit: The first and foremost explanation behind the audit is to show the opinion about the company’s  financial statements . Management decision-making is essentially based upon the financial statements of the organization. Unless the financial statements are not correct, the company management would not be in a position to make the right decisions. All these things are interrelated, so  audit  is of prime importance in the business. The audit is ...