Advertisements
Advertisements
Question
Answer the following question:
Differentiate between a statutory report and a non-statutory report.
Solution
Every company incorporated under the companies' act is required to get its accounts audited by a Chartered Accountant in Practice to ensure a true and fair view of the accounts. Further, the auditor has to ensure compliance with various provisions of the Companies Act. Statutory Audit ensures reliability of annual accounts of the company for various consumers of Accounts of the Company like government, shareholders, debtors, creditors, bankers, etc. A non-statutory audit is a review and verification of a company or organization’s business that is not required by either the law or a regulatory agency.
APPEARS IN
RELATED QUESTIONS
Briefly explain any four types of reports.
With reference to company meetings, explain the following term:
Statutory Meeting
Answer the following question:
Explain Information Report.
Briefly explain any three essentials of a good report.
Action taken by the receptionist while routing visitors varies, based on different situations. State any four such situations and explain how the receptionist will act under each situation.
Answer the following question:
State any two pre-requisites for passing a special resolution in a meeting.
A report may have an attachment containing statistical data, tables, graphs, etc, What is this attachment known as?
The Security Guard of ABC Limited submits a report to the authorities on an incident of theft in the premises of the organisation. This report is an example of:
With reference to a Report, explain appendix.
Mr. Rathi, CEO of a firm, frequently travels for work related to business. However, he ensures that he is present in office every Monday to monitor business operations. On his arrival, his personal assistant, Mr. Varma has to submit a report on the working of the previous week.
Which one of the following reports does Mr. Varma submit?
