statutory reporting

Internal-Audit vs Statutory-Audit

Internal Audit vs. Statutory Audit: Understanding The Difference?

Auditing is essential in verifying an organization’s financial and operational integrity. Among various forms of audits, internal and statutory audits stand out as two core components, each serving distinct yet complementary functions. Though they may appear similar, internal and statutory audits diverge in purpose, methodology, and scope. Understanding these two audits’ differences can greatly benefit […]

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statutory reporting

What is Statutory Reporting? Understand Its types & Importance

Statutory reporting is like following a recipe for success in business. It’s a way of sharing crucial information about the company’s finances with authorized people, including investors, regulators, and stakeholders.  But instead of ingredients, statutory reporting involves financial statements, tax returns, and other important documents that reveal the overall health and performance of your company.

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