External auditor and statutory auditors both are the same?

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"External Auditor" and "Statutory Auditors" both are the same or different, pls commnet

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Please reply above the question 

 

External Auditor" and "Statutory Auditors" both are not  

same.

 

statutory audit is comulsory audit OR audit by law is called statutory audit.
it is also called internal audit.


Only C.A. has right to conduct statutory audit. It happens only when the books of account is not maintained as per the accounting standard.

statutory audit investigate the fraud and mistakes in the companies financial satatements.

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external auditors which are appointed by the organisation in their AGM.

 

 

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