A statutory audit is an essential process that every company must undertake to ensure that their financial statements are accurate, reliable, and comply with the relevant laws and regulations. It is a legal requirement that is mandated by the most free zone authorities/government to protect the interests of shareholders, investors, and other stakeholders. A statutory audit provides an independent and objective assessment of a company’s financial health and provides assurance to stakeholders that the financial statements are a true and fair reflection of the company’s financial performance.
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