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
CA.SHAHZAD SAYYED
(Expert)
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.
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- EPF ECR NEW RULES Sep 17th 2026
- Taxation of crypto futures in India Fy 2026- 2027
- Issuing of delivery challan by seller of goods
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
