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About eligibility for audit

This query is : Resolved 
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(Querist)
03 July 2012 please tell me the limit after which company is eligible for audit
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
03 July 2012 A company is MANDATORILY required to get its accounts audited under Companies Act.

There is no limit prescribed. Even if the company is in loss, it will have to get its accounts audited.
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Shagun Sharma

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Shagun Sharma (Querist)
03 July 2012 thank you sir, is there any limit for sales after which you will be required to get your accounts audited
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
03 July 2012 As I said for a company it is mandatory to get its accounts audited irrespective of the amount of turnover, sales, income, etc.
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Shagun Sharma

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Shagun Sharma (Querist)
04 July 2012 ok sir thank you for the help
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
04 July 2012 You are welcome. You should use the thanks button to convey your thanks.
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