Financial Audit is conducted for every
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In India, statutory audits are conducted for each fiscal year (April 1 to March 31) and not the calendar year. The two most common types of statutory audits in India are: Tax audits; and. Company audits.
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Financial audits are conducted on an annual basis.
- A financial audit is an objective evaluation financial statements of a company.
- A financial audit aims to ensure that the financial records of your company accurately represent the financial performance.
- It is commonly done on annual basis.
- It can be done by an internal employee, but mostly is done with the help of an external Certified Public Accountant.
- It is an essential indicator of 'true and fair' finance performance
- #SPJ2
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