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audit

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Querist : Anonymous (Querist)
23 July 2010 hoW MaNy Types of audit is required for the manufactring companies?e.g.ISO audit
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CA SURENDRA KUMAR RAKHECHA

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CA SURENDRA KUMAR RAKHECHA (Expert)
01 August 2010 The major types of audits involves the following :

1. Statutory Audit under Companies Act if it is a company.

2. Tax audit when its turnover is exceeding
Rs.40.00 Lacs.

3. ISO audit is required only when a company choose to get certificate from ISO Institution.

4. In addition to above; internal audit and various other audits may be there under Income-Tax Act, Excise Act.
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