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Seminar on Statutory Audit of Bank Branches WIRE MumbaiSession 3 FAR Reporting & Other Certification CA Iranian Joshi 12.03.2016 Restriction on Disclosure and Use of Data The data in this document
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01
Step 1: Start by gathering all the necessary information and documentation related to the statutory audit.
02
Step 2: Familiarize yourself with the applicable laws and regulations regarding statutory audits.
03
Step 3: Prepare an audit program outlining the procedures and steps to be followed during the audit.
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Step 4: Conduct a risk assessment to identify areas of potential material misstatements or non-compliance.
05
Step 5: Perform substantive testing and analytical procedures to gather audit evidence.
06
Step 6: Evaluate the results of the audit procedures and form an opinion on the financial statements.
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Step 7: Prepare the audit report summarizing the findings and conclusions of the statutory audit.
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Step 8: Communicate the audit results to the relevant stakeholders, such as management and shareholders.
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Step 9: Ensure compliance with any reporting requirements or deadlines set by regulatory authorities.
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Step 10: Maintain proper documentation of the audit process for future reference and review.

Who needs seminar on statutory audit?

01
Companies that are required by law to undergo a statutory audit.
02
Publicly traded companies that must comply with stock exchange regulations.
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Financial institutions that need to demonstrate compliance with regulatory requirements.
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Non-profit organizations that receive significant funding from government or donors.
05
Companies seeking external funding or investment, as investors often require audited financial statements.
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Seminar on statutory audit is a workshop or training session that focuses on the principles and best practices of conducting statutory audits in accordance with relevant laws and regulations.
Professionals or organizations involved in conducting statutory audits are typically required to attend or participate in seminar on statutory audit.
Seminar on statutory audit can be filled out by attending the workshop, completing the training session, or submitting any required documentation or certificate of completion.
The purpose of seminar on statutory audit is to enhance knowledge and skills related to conducting statutory audits, ensuring compliance with laws and regulations, and improving audit quality.
Information reported on seminar on statutory audit may include details of the training session attended, topics covered, date of completion, and any relevant certification or accreditation.
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