statutory audit

This query is : Resolved

Share Report Follow Query Ask a Query

Rishab Gupta

Rishab Gupta (Querist)
Follow

24 June 2017 which person is liable to get his books of accounts audited?

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
Follow

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

Rishab Gupta

Rishab Gupta (Querist)
Follow

24 June 2017 Mam, isn't this rule applicable for tax audit or both have same rules..?

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
Follow

24 June 2017 This rule is for tax audit.

Rishab Gupta

Rishab Gupta (Querist)
Follow

24 June 2017 then what's the rule for statutory audit?

Aswath Raman

Aswath Raman (Expert)
Follow

26 June 2017 Statutory audit under which act?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

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.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now