Hello Experts,
I am having sole proprietorship of a firm which provides Information Technology services. What will be limit of Internal audit done by CA for such firms? Will it be 25 Lakhs or 1 Corer?
Thank you!
Vishal
Vishal (CA Business) (26 Points)
15 June 2015Hello Experts,
I am having sole proprietorship of a firm which provides Information Technology services. What will be limit of Internal audit done by CA for such firms? Will it be 25 Lakhs or 1 Corer?
Thank you!
Vishal
Rashi Bajaj
(CA)
(752 Points)
Replied 17 June 2015
Dear Vishal,
Internal audit is NOT compulsory in case of proprietorships. The limits you have stated applied to corporates only.
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