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Statutory Accountants are responsible for completing all financial reports and accounts required by statutory bodies (for example the Financial Services Authority) to ensure that a company or organisation complies with regulatory reporting requirements.
Statutory Accountants must be familiar with a number of statutory accounting principles and requirements and are considered experts in their field.
Statutory Accountants are usually qualified accountants, who have specialised working knowledge of requirements such as International Financial Reporting Standards (IFRS) as well as experience of working with local regulators, for example (in the UK) the Financial Services Authority.
Recent salaries advertised online (December 2009) include:
Are you a Statutory Accountant? Would you like to contribute to our "Day in the Life of..." series? Email us at email@example.com for more details.
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