statutory audit
This query is : Resolved
24 June 2017
which person is liable to get his books of accounts audited?
24 June 2017
When his turnover exceeds 1 crore.
Or he has declare income less than presumptive income u/s 44AD, 44AE & 44ADA.
Message likes :
1 times
24 June 2017
Mam,
isn't this rule applicable for tax audit
or both have same rules..?
24 June 2017
This rule is for tax audit.
24 June 2017
then what's the rule for statutory audit?
26 June 2017
Statutory audit under which act?
13 October 2021
A statutory audit is a legally required check of the accuracy of the financial statements and records of a company or government. A statutory audit is intended to determine if an organisation delivers an honest and accurate representation of its financial position by evaluating information, such as bank balances, financial transactions, and accounting records.
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