ASIAPEDIA

Q&A

What do statutory audits in India entail?

Return to search

Infographics

What do statutory audits in India entail?

Posted On June 2014

Statutory audits are conducted to report the current state of a company’s finances and accounts to the Indian government and shareholders. Such audits are performed by qualified auditors working as external and independent parties. The audit report of statutory audit is made in the form prescribed by the government agency.

Statutory audits are conducted for each fiscal year (April 1 to March 31) and are not the calendar year. The two most common types of statutory audits in India are tax audits and company audits.
 

Get in touch

We provide expert advisory and corporate services across Asia, guiding businesses through complex markets and regulations.

Have Any Questions?

Reach out to our local experts, we’ll respond within one business day.

captcha image

It appears that you have recently submitted an inquiry on this topic. Would you like to
replace your previous submission with this one?