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Statutory audits are reviews of a business or governments financial records as required by law. Non-statutory are audits not required by legal statute but needed because of some other reason. A non-statutory might be needed if some issue is brought to light such as an irregularity in the way business is being done or perhaps in the case where some type of intentional actions such as an incompetent accountant or even embezzlement was discovered, to find out the extent of the issue.
legal and non legal
An Internal audit is performed by employees of your own company, usually by employees who are subject matter experts. Internal audit results are usually taken under consideration by management and improvements are made by the company in order to avoid an external audit finding which may result in the risk of citation or fine.An external statutory audit would be performed by and auditor who is employed by the government (local, state, or federal). The external auditors findings are legal and binding and may lead to citations or fines or both.
Discuss the legal and institutional framework for legal aid in Nigeria.
what is the different between political & legal in PESTAL framework
Answer: legal and statutory reserves There is no difference. Both legal and statutory reserves are reserves that must be maintained by law. The previous answer ("Legal reserves are stipulated by law, while statutory reserves are determined in the Articles of Association (the Statute of a company)") is incorrect: the primary meaning of 'statutes' is 'enacted laws'
give a brief knowledge about legal framework of industria relation?
The legal framework of the US is the US Constitution, including the Bill of rights and later Amendments.
yes it is legal......
does Occidental Petroleum Malaysia is legeal company in Malaysia or it it exist
A statutory trust is a legal entity created under specific state statutes. It is commonly used in business transactions, particularly in the context of asset securitization or real estate investments. A statutory trust provides a framework through which assets can be held, managed, and distributed for the benefit of beneficiaries or investors.
yeah, it's legal