Statutory auditor

Statutory auditor is a title used in various countries to refer to a person or entity with an auditing role, whose appointment is mandated by the terms of a statute.

A "statutory audit" is a legally required review of the accuracy of a company's or government's financial records.

[citation needed] A statutory auditor (監査役, kansayaku) is an official found in Japanese kabushiki gaisha (business corporations).

[3] Statutory auditors are elected by shareholders and hold a position in the hierarchy alongside the board of directors.

[4] The Japanese association of statutory auditors has recommended adopting the English title "audit & supervisory board member" to avoid such confusion.