Dear sir
pls tell me why we do the statutory audit .what is the procedure for the statutory audit.
thanks
Audit of icai
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Time period for preserving records for ca
Dear Sir/s,
As per ICAI- Council's decision of 1957, A CA should preserve records relating to Audit and other work done by them, routine correspondence and other work and other papers for a Minimum of 10 years.
However,our principle says that the same has been changed to a period of 8 years.
Please help with reference to Council decision and the year, if possible.
Thanks you
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About statutory audit