Abarna And Ananthan Chartered Accountants Interview Questions and Answers

Audit is a systematic examination of financial records, statements, and transactions of an organization.

• Audit is conducted to ensure the accuracy and reliability of financial information.

• It helps to identify any errors, frauds, or irregularities in financial statements.

• There are different types of audits such as internal audit, external audit, and forensic audit.

• Auditors use various techniques such as sampling, testing...read more

Statutory audit is a legally required examination of a company's financial records to ensure accuracy and compliance.

• Statutory audit is conducted to verify the financial statements of a company.

• It is mandatory for certain types of companies as per the law.

• The audit is performed by an independent auditor who is a qualified chartered accountant.

• The objective is to express an opinion on whether the financial statements gi...read more