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A statutory audit could be defined as a type of audit imposed by the law or to make a figure to know whether the account book is correct and presented in front of the public and regulators.
The 5 Cs reports often include criteria, causes, consequences, conditions and co-reactive action.
The audit usually means a short and concise confirmation of the data, and a review includes testing of the supplied information, while the compilation depends upon the facts and figures.
SRA in accounting means the rules are maintained by the authorized bodies, which are maintained by the SRA (Solicitors Regulation Authority). They are made so that clients’ money held by the companies is in safe hands.
The service charge audit usually involves reviewing the service charges, invoices, receipts and other information to determine why all the expenses occurred.
The special audit is done on the basis of the charitable nonprofits that usually expend $750,000 or more in federal funds. Some organizations may be required to make a non-profit to make an independent audit.
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Walden Way and Company Limited is a company registered in England and Wales (Company No. 09523582) Unit A3, Gateway Tower, 32 Western Gateway, London, E16 1YL.
