Statutory audit

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Querist : Anonymous

Querist : Anonymous (Querist)

23 March 2016 Dear sir,
Plz let me know what is statutory audit and when it would be conduct....

Regard
Vimal jain

CA Darshan

CA Darshan (Expert)
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29 March 2016 Statutory Audit means Audit which is Mandatory by any respective Legislation/Act. Generally in case of Company it is mandatory by Companies Act, 2013, for Co-operative Societies Co-operative societies Act, etc.
Generally it would be conducted on Annual Basis i.e. Companies - FY April to March it would be within 6 month. In any extraordinary situation period may be change.

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