Thread: Auditing of Quarterly Statements.

Can any one tell whether the Quarterly Statements will be audited and when?

Let me do little calculation first on that question about to a quarterly audit requirement, the new bill would equal 4X the current one (maybe only 3X as surely there would be some savings from having year round auditors). Can't really see that happening. They could be subjected to a higher review standard but realistically I can't see it changing from the annual period.

Originally Posted by rangaraghavacharyulu

Can any one tell whether the Quarterly Statements will be audited and when?

What type of company is this? Who would be requiring a quarterly audit?

Quarterly auditing isn't the norm. I would say that 80% or better, use an annual auditing system.