Appointment of auditor

does appointment of auditor is compulsory for llp if turnover below 40 lake and contribution below 25 laks . pls advise.
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Quick Summary
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.

No need for audit under llp act if turnover below 40 lakhs and contribution below 25 lakhs
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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