Statutory audit

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

01 February 2016 Dear Experts, can anyone let me know the purpose to conduct statutort audit also let me know the ceiling limit for the same.... Thanx & Regard Mohit Gupta

CS Divesh Goyal

CS Divesh Goyal (Expert)
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01 February 2016 Purpose of Statutory Audit to check the financial prepare by the management for the society enlarge.
Ceiling limit for one auditor is 20 Companies except private Companies (as per exemption notification).

Querist : Anonymous

Querist : Anonymous (Querist)

02 February 2016 sir my intended was by ceiling limit that what should be turnover etc. to conduct the statutory..

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CS Divesh Goyal

CS Divesh Goyal (Expert)
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02 February 2016 Even for Nil turnover Statutory audit is required in case of Company.

Querist : Anonymous

Querist : Anonymous (Querist)

02 February 2016 sir clarify my query retated to statutory audit..1) who can conduct this audit..2) what details we will have to provide to statutory auditors to conduct the audit...3) what is the due date for statutory audit and to whom the audit report will be submitted weather MCA or anywhere else... plzz reply its urgent..