Internal audit & statutory audit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 March 2012
What is difference between internal audit and statutory audit?
Ratan Sharma
(Expert)
21 March 2012
Internal audit is not mandatory and conducted at the option of owner whereas the statutory audit is compulsory and as per the legal provisions of the act.
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