Statutory audit
This query is : Resolved
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
Plz let me know what is statutory audit and when it would be conduct....
Regard
Vimal jain
CA Darshan
(Expert)
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.
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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