Audit objective???
This query is : Resolved
14 March 2009
Dear Sir
Could you please explain me what is the objective of internal, statutory and tax audit?
Thank you
Could you please explain me what is the objective of internal, statutory and tax audit?
Thank you
14 March 2009
1) Internal Audit= To Verify the internal control, day to day Activities of Entity, this audit is fullfill the objects of both i-e Management as well as Shareholders
2) Statutory Audit=
Those Audit which are mandatory under law e.g Tax Audit, Vat Audit, Refund Audit
3) Tax Audit= This Audit is required by IT Act u/s 44AB
2) Statutory Audit=
Those Audit which are mandatory under law e.g Tax Audit, Vat Audit, Refund Audit
3) Tax Audit= This Audit is required by IT Act u/s 44AB
15 March 2009
nice explanation.
nice explanation.
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