legal and non legal
what is the difference between statutory audit and non statutory audit.
A statutory body deals with written law; non-statutory deals with implied law.
advantages and disadvantages of non statutory audit
Statutory Body
advantages and disadvantages of non statutory audit
one is and one isnt
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A non-statutory organization is a group or entity that is not established or regulated by legislation. These organizations operate independently and are usually formed by individuals with a common interest or goal. Non-statutory organizations do not have legal standing granted by a specific law.
aas
The difference between statutory and non statutory rights is that one is supplied by the government and the other one isn't. Statutory rights are bestowed by particular government to governed people and are relative to specific cultures and governments
RBI is a statutory body formed under the Reserve Bank of India Act 1934 and not a constitutional body.
a non-statutory organisation is one that is not funded by the government, they are usually voluntary and fund themselves through means of charity shops and donations. hope this helps :)