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As of my last knowledge update in October 2023, the statutory auditor of Reliance Industries Limited is Deloitte Haskins & Sells LLP. However, it's advisable to check the latest financial statements or the company's official website for the most current information, as auditor appointments can change.

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4mo ago

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Who is internal auditor of reliance industries?

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What is a Conformance role of auditor?

The auditor's function in ensuring that the organisation conforms to policies procedures and statutory matters.


What is statutory report how you audit the same?

A statutory report is a formal document required by law that provides information on an organization's financial performance, compliance, and governance. When auditing a statutory report, the auditor verifies the accuracy and completeness of the information presented by examining financial records, assessing compliance with relevant regulations, and conducting tests of controls and transactions. This process ensures that the statutory report reflects a true and fair view of the organization's financial status and operations. The auditor then provides an opinion on whether the report meets statutory requirements and is free from material misstatements.


What are the legal position of an auditor?

The legal position of an auditor encompasses their responsibilities and liabilities as defined by statutory regulations and professional standards. Auditors are required to conduct their work with due diligence and objectivity, ensuring compliance with applicable laws, such as the Sarbanes-Oxley Act in the U.S. They can be held liable for negligence, fraud, or failure to detect material misstatements in financial statements. Additionally, auditors enjoy certain legal protections, such as the defense of good faith reliance on management representations.


How you do statutory audit?

A statutory audit involves a systematic examination of a company's financial statements and records by an independent auditor to ensure compliance with legal and regulatory requirements. The process typically includes planning the audit, assessing risks, evaluating internal controls, performing substantive testing, and gathering sufficient evidence to form an opinion on the financial statements. The auditor then issues an audit report, which expresses their opinion on whether the financial statements present a true and fair view of the company's financial position. Finally, the auditor communicates findings and recommendations to the management and stakeholders.

Related Questions

Who is internal auditor of reliance industries?

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Which Companies have issued debentures in the recent years?

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Which companies have issued debentures in recent year?

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What is a Conformance role of auditor?

The auditor's function in ensuring that the organisation conforms to policies procedures and statutory matters.


When was Reliance Industries created?

Reliance Industries was created in 1966.


What is Reliance Industries's population?

Reliance Industries's population is 22,661.


Can statutory audit be done after tax audit?

Statutory Audits are those mandated by a statute. So by that definition even tax audit is a statutory audit.The management of the organization makes the appointment of an internal auditor. The statutory auditor is appointed by different authorities. First statutory auditors are appointed by the shareholders in the annual general meeting. The main object of the statutory audit is to form an opinion on the financial statement of the organization auditor has to state that whether the financial statements are showing the true and fair view of the affairs of the organization or not. The main object of the internal audit is to detect and prevent the errors and frauds.The scope of the statutory audit is fixed by the company act. it can not be changed by mutual consent between the auditor and the management of the audited business unit. The scope of the internal audit is fixed by the mutual consent of the auditor and the management of the unit under audit.


Is reliance chemotex industries a reliance group company?

No It's not.


When was reliance industries ltd formed?

Reliance Industries is an Indian business company based in Mumbai. It was founded in 1966 by Dhirubhai Ambani by the name of Reliance Commercial Corporation.


Indicate the statutory rights that enhance auditor independence?

The statutory rights of the auditor that enhance auditor independence are: · s. 310, which provides that the auditor has the right of access at all reasonable times to the accounting and other records and registers, and an entitlement to require from any officer of the company such information and explanations as required for the purpose of the audit. · s. 329, which provides that an auditor may only be removed from office by a resolution at a general meeting of shareholders of which special notice has been given and the auditor is entitled to make written representations to all shareholders at the company's expense, and to speak at the general meeting. · s. 331, which provides that the auditor is entitled to receive reasonable fees and expenses for the work carried out.


Working capital policy in reliance industries?

reliance company in warking capital policy


How much was the ratio when reliance pertoleum merger with reliance industries?

tell me about it a si had shares in that