Statutory is govern by government legislation while independent are mainly charity organisations
what is the difference between statutory audit and non statutory audit.
When there is inconsistency between a statutory provision and a common law principle, the statutory provision typically prevails. This is because statutes are enacted by legislatures and have the force of law, whereas common law principles are derived from judicial decisions and may be overridden by legislation.
one is and one isnt
A statutory body deals with written law; non-statutory deals with implied law.
the difference between edit categories
the difference between edit categories
i must say accrued and provision is two different things,accrued is something paid to you but you can spend it,concerning provision is not the same.
What is the difference between dependant and independent events in terms of probability
What is the difference between an independent co-executor and a co-executor
The difference between statutory and non statutory rights is that one is supplied by the government and the other one isn't. Statutory rights are bestowed by particular government to governed people and are relative to specific cultures and governments
Statutory would be those mandated by law, voluntary would be those agreed upon between employer and employee.
A provision is when it's grater than 50% chance of happening where as a contingent is less than that. You show a provision on the accounts but not the contingent.