Companies are governed by the Companies Act 2013. This act requires every company registered under the Companies Act 2013 to get there accounts audited. Thus an audit conducted for such a companies that is governed by Company law will be known as a statutory audit.
All the regulations set by Companies Act and as well as the generally accepted auditing standards should be abided by while conducting an audit. The applicable accounting standards should also be adhered to. Corpansh has years of experience in helping clients conduct statutory audits in a systematic and well planned manner.