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Auditing Query

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(Querist)
01 July 2008 Hi All,

Can anyone please tell me the meaning of "Statutory Audit" ?
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Amit Bajaj

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Amit Bajaj (Expert)
01 July 2008 In India Statutory audit of a Company means audit under Companies Act, 1956
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Jaina Shah

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Jaina Shah (Expert)
01 July 2008 Income Tax Audit in terms of Individuals is called as Statutory Audit in terms of Companies. A company comes under the purview of Statutory Audit if Annual turnover is more than 40 lacs



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PC-www.bharadwajinstitute.com

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PC-www.bharadwajinstitute.com (Expert)
02 July 2008 Audit required under Companies Act & Income tax ACT

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