Statutory audit is an important term to follow by all the businesses in India as it is mandatory by law. In India, all the companies must follow this statute who registered under companies act. As per this statute, every private and public limited company must have to audit its book of a financial book every year. The main purpose of the statutory audit is to ensure that the information such as bank balance, expenses, and other financial transaction presenting by a company is fair. It is conducted by the external auditors to prevent scam. Reports of the statutory audit are shared with shareholders. There are two kinds of statutory audit, company audit, and tax audit. As it is a mandatory factor, the companies need to follow it with perfection. So, it is very crucial to hire a professional statutory audit service provider to ensure the audit of your company’s financial transactions. It is an important process to perform with efficiency because investors and regulatory agenci...