Appointment of auditor

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ACCOUNTANT
111 Points Posted on 29 August 2020
does appointment of auditor is compulsory for llp if turnover below 40 lake and contribution below 25 laks . pls advise.
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On 29 August 2020 at 22:13 Report
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This discussion clarifies whether appointing an auditor is compulsory for Limited Liability Partnerships (LLPs). It confirms that if an LLP's turnover is below £40 lakhs and its contribution is below £25 lakhs, a statutory audit is not required under the LLP Act, 2008. Therefore, there is no need to appoint an auditor in such cases.

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217 Points Posted on 30 August 2020
No need for audit under llp act if turnover below 40 lakhs and contribution below 25 lakhs
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On 30 August 2020 at 07:53
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Tax and Business Consultant
11616 Points Posted on 30 August 2020
Statutory Audit as Per LLP Act, 2008 is not required in this case.... So, there is no need to appoint Auditor..
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On 30 August 2020 at 12:51

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