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Statutory Audit Applicabilty

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(Querist)
28 July 2010 Us statutory audit is compulsory for all firms and companies ?????
Plz help its urgent ?????
And plz provide required source also......
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
28 July 2010 Statutory audit is compulsory for all companies not firms.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
28 July 2010 Section 216 of companies act
216. Profit and loss account to be annexed and auditors' report to be attached to balance sheet

The profit and loss account shall be annexed to the balance sheet and the auditors' report 1[(including the auditors' separate, special or supplementary report, if any)] shall be attached thereto.
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neeraj

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neeraj (Querist)
28 July 2010 thnx a lot
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