Lori

What Is a Statutory Audit?



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A statutory audit is an independent examination of an organisation’s financial statements and other financial information, which is conducted in accordance with legislation. The purpose of a statutory audit is to provide assurance that an organisation’s financial statements and other financial information are free from material error and fraud. Statutory audits are conducted by certified … Read more

What is the informal economy?



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It is known as informal economy or irregular economy to those economic activities that are carried out avoiding the taxation or administrative controls of a certain country. It represents a high percentage of the world's active population (about 60%) and they are activities as common as undeclared domestic work, freelance work, among others that are … Read more