Statutory audit: is it for every co.?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 June 2010
Dear Sir,
Is it compulsory for every company to make its accounts audited under statutory audit?
If yes then under which section it is conducted?
Please guide...
Thanks
Is it compulsory for every company to make its accounts audited under statutory audit?
If yes then under which section it is conducted?
Please guide...
Thanks
18 June 2010
Section 224 (1) of the Companies Act, 1956 states that every company whether it is public or private limited shall have an auditor to audit its accounts. The appointment of auditor is mandatory in the Annual General Meeting for the ensuing year.
18 June 2010
agreed with Expert Abuzar Azmi
18 June 2010
Agree with expert...
Statutory Audit for every company is must as per section 224 of the companies act, 1956.
Regards
Statutory Audit for every company is must as per section 224 of the companies act, 1956.
Regards
18 June 2010
As per section 224 of the companies act, 1956, statutory audit for every company is necessary.
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