Is there any requirement for stat audit like tax audit & internal audit. If yes Pls tell me wat it is.
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stat audit
Replies (2)
Internal Audit is not compulsory. External Audit is essential for companies.
And Tax Audit is mandatory when sale turnover exceeding Rs.40 Lakhs
i think there is no such mandatory requirement for stat audit.
but it is beneficial if stat audit is being done.
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