Audit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 January 2012
Sir what is Tax Audit,Internal Audit and Statutory Audit plz explain me....as soon as possible..... thanks for in advance..
CA. Vikash Dwivedi
(Expert)
10 January 2012
Tax Audit it the audit conduted under Income tax act and mandatory for those whose turnover exceed the prescribed limit.
Internal Audit the audit conducted by the enterprise it self auditor are employee of the organisation. Internal Audit is mandatory for the enterprise whose capital excees the limit prescribed in the CARO.
Statutory Audit is the once conduted under companies ACt at the end of the financial year.
Internal Audit the audit conducted by the enterprise it self auditor are employee of the organisation. Internal Audit is mandatory for the enterprise whose capital excees the limit prescribed in the CARO.
Statutory Audit is the once conduted under companies ACt at the end of the financial year.
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