Statutory Auditor in India | Audit Frameworks, Legal Compliance & Reporting Standards

A statutory auditor in India plays a defined role in reviewing financial statements to ensure compliance with statutory requirements and prescribed auditing standards. This overview explains how statutory audits involve examination of books of accounts, assessment of internal controls, and preparation of audit reports as mandated by law. It emphasizes professional independence, ethical conduct, and procedural accuracy in supporting financial transparency and accountability. The description focuses on governance responsibilities and regulatory alignment across organisations operating in India.