Audit
This query is : Resolved
19 February 2011
What is the difference between internal audit and statutory audit.
19 February 2011
An internal audit is one which is conducted by the internal auditors of the company. It is not mandatory for the company and the company just conducts it to keep a check on the operations of the company.
On the other hand statutory audit is very important because it is by the external auditors and it is mandatory for all kinds of companies. Statutory audit is usually conducted for various purposes like tax regulatory requires it for taxation purposes.
On the other hand statutory audit is very important because it is by the external auditors and it is mandatory for all kinds of companies. Statutory audit is usually conducted for various purposes like tax regulatory requires it for taxation purposes.
19 February 2011
Who select's external auditor for external audit for that respective firm.
19 February 2011
IN COMPANY MOSTELY SHAREHOLDERS SELECT STATUTORY AUDITOR.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Required to submit form 10IEA_fy 24-25
- Money lost in stock market related scam
- Error whilst validation
- Reminder of Dues under the WBGST Act 17
- ERRROR IN ITR2 FILING
- Rebate u/sec. 87A manually
- ITR3
- ITR2 Not Validating Short Term Capital Loss as value less than zero
- GSTR ITC relationship
- Hash value error indicated whilst validating itr 2 online
- ITRU invalid and political donation
- Regarding Hackathon Prize W-8BEN Form Tax Treaty Benefit & 115BB/115BBJ
- Excess Interest paid on TDS challan- Can it adjusted against tax payable
- RECEIPT NUMBER OF EARLIER STATEMENT FILED FOR FORM 26Q- PREVIOUS TDS RETURN FILED FOR F.Y.2017-18_Q4
- Regarding ITC show in Electronic Credit Reversal and Re-claimed Statement.
- TDS on disallowance and reporting
- Requirement of MGT-14 for resolution passed at EGM for appointment of auditor
- ICWAI-Final
- Gratuity Fund Audit & ITR
- RCM gst liability and return query
Trending Online Classes
-
Input Tax Credit, GST refunds and Recovery of refunds- Roadblocks and way outs
CA Nipun Arora03 September 2025 -
GST LIVE Certification Course - 43rd Weekdays Batch(With Govt Certificate)
Industry Expert15 September 2025
CAclubindia
