Why stat audit?

Question

Why stat audit?

Accepted Answer

Stat audit is important for ensuring accuracy, compliance, and transparency in financial statements.

Stat audit helps in verifying the accuracy of financial statements and ensuring that they are free from material misstatements.
It provides assurance to stakeholders that the financial information presented is reliable and trustworthy.
Stat audit helps in detecting and preventing fraud, errors, and irregularities in financial reporting.
It ensures compliance with applicable laws, regulations, and accounting standards.
Stat audit helps in identifying areas of improvement in internal controls and risk management.
It enhances the credibility and reputation of the organization in the eyes of investors, lenders, and other stakeholders.
Stat audit is necessary for companies seeking external financing or planning to go public.
It provides an independent and objective assessment of the financial health and performance of the organization.
Stat audit plays a crucial role in maintaining transparency and accountability in financial reporting.
Examples of stat audit include the annual audit of a company's financial statements by an external auditor, the audit of government agencies' financial statements, and the audit of non-profit organizations' financial statements.

Accepted Answer

I want to join stat audit because I have interest in financial aspects of business.
The  Statutory auditor study the financial statements of company and my  interest in numbers and analyzing financials statements of company  aligns perfectly with the nature of Statutory auditor

Stakeholders and investors rely on Statutory auditor report and thenmake economic decisions the trust and responsibility associated with it  is highly respectable

By working as a Statutory auditor I will get overview of various industries  and 
I will also get to know about how practically materiality level are sets , how sampling takes place and how various audit procedures takes place and  all these things really  excite me to work as a Stat auditor. 
Being a Stat auditor I will also get a chance to visit different client places and communicating with them

Why stat audit?

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