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    Objectivess of Statutory Audits

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    Anonymous NSNpGa3T93
    The objectives of a statutory audit are to: 1. Enhance the trustworthiness of published financial statements. 2. Ensure that management has performed their statutory duties appropriately. 3. Give assurance to management that they have complied with non-statutory requirements such as corporate governance requirements. 4. Provide a view on the effectiveness of internal controls and recommendations for improvement which can help management reduce risk and improve company performance.

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    Objectivess of Statutory Audits

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    Anonymous NSNpGa3T93
    16 views1 page
    The objectives of a statutory audit are to: 1. Enhance the trustworthiness of published financial statements. 2. Ensure that management has performed their statutory duties appropriately. 3. Give assurance to management that they have complied with non-statutory requirements such as corporate governance requirements. 4. Provide a view on the effectiveness of internal controls and recommendations for improvement which can help management reduce risk and improve company performance.

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    auditing notes

    Original Title

    Auditing

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    The objectives of a statutory audit are to: 1. Enhance the trustworthiness of published financial statements. 2. Ensure that management has performed their statutory duties appropriately. 3. Give assurance to management that they have complied with non-statutory requirements such as corporate governance requirements. 4. Provide a view on the effectiveness of internal controls and recommendations for improvement which can help management reduce risk and improve company performance.

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    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    16 views1 page

    Objectivess of Statutory Audits

    Uploaded by

    Anonymous NSNpGa3T93
    The objectives of a statutory audit are to: 1. Enhance the trustworthiness of published financial statements. 2. Ensure that management has performed their statutory duties appropriately. 3. Give assurance to management that they have complied with non-statutory requirements such as corporate governance requirements. 4. Provide a view on the effectiveness of internal controls and recommendations for improvement which can help management reduce risk and improve company performance.

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    © All Rights Reserved
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    OBJECTIVESs of statutory audits

    An statutory audit offers the following OBJECTIVES


    To enhances the trustworthiness of published financial statements.
    To ensures the management that the ha!e performed their statutor duties
    appropriatel.
    To gi!es assurance to management that the ha!e complied with non"statutor
    re#uirements$ such as corporate go!ernance re#uirements .
    To gi!es !iew on the efficac of internal controls. %here internal
    controls are wea& or inade#uate$ the auditor will pro!ide recommendations for
    impro!ement. This will help management in reducing ris& and impro!ing the
    performance of the compan. E!en where a statutor audit is not re#uired$ for e'ample
    due to small compan statutor e'emption limits$ an audit will boost the trustworthiness
    of published financial statements. This ma be important for potential in!estors to the
    compan. (otential in!estors$ such as ban&s$ ma insist on the compan ha!ing an audit
    as a precondition for lending mone.

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