tax audit

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For no compulsory audit for partnership firm why ?
Replies (4)

Which audit :

  • Performance audits
  • Financial Audits
  • Compliance Audits
  • Audit of transactions
  • CCO based audits
  • District audit
  • Thematic audit
  • IT audit............ specify?
Wow...... "ஓ! கடவுள்....! எவ்வளவு இருக்கு....!!!"

But, I don't know the details for above said list of Audit Sir....
கடவுளே*....

கவலைப்படாதே  .......................... அது மட்டும் !!!

An audit is a systematic and independent examination of books, accounts, statutory records, documents and vouchers of an organization to ascertain how far the financial statements as well as non-financial disclosures present a true and fair view of the concern.

Audits provide third party assurance to various stakeholders that the subject matter is free from material misstatement. The term is most frequently applied to audits of the financial information. Other areas which are commonly audited include: secretarial & compliance audit, internal controls, quality management, project management, water management, and energy conservation. As a result of an audit, stakeholders may effectively evaluate and improve the effectiveness of risk management, control, and the governance process over the subject matter................ From Wikipedia, the free encyclopedia....

 

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