Internal & statutory audit
This query is : Resolved
Vishal Ashtikar
(Querist)
18 December 2012
Dear Sir,
I want to know what is Internal & staturoty audit, what are their requirements & major difference in both.
I want to know what is Internal & staturoty audit, what are their requirements & major difference in both.
Amol S Joglekar
(Expert)
18 December 2012
Statutory audit as the name suggests is done because of some Statute (ACT). Internal audit is employed by the management.
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