statutory audit report vs independent audit report

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PRAKASH MATUPALLI asked 3 years ago

sir is there any difference between statutory audit report and independent audit report ……

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Ravi Staff answered 3 years ago

Generally both mean same. As statutory auditor is suppose to be independent.
Differentiating these terms is not relevant for exams, neither relevant for understanding.
People can apply any interpretation regarding them as per there preference.
-TeamAuditguru