Audit objective???
This query is : Resolved
14 March 2009
Dear Sir
Could you please explain me what is the objective of internal, statutory and tax audit?
Thank you
Could you please explain me what is the objective of internal, statutory and tax audit?
Thank you
14 March 2009
1) Internal Audit= To Verify the internal control, day to day Activities of Entity, this audit is fullfill the objects of both i-e Management as well as Shareholders
2) Statutory Audit=
Those Audit which are mandatory under law e.g Tax Audit, Vat Audit, Refund Audit
3) Tax Audit= This Audit is required by IT Act u/s 44AB
2) Statutory Audit=
Those Audit which are mandatory under law e.g Tax Audit, Vat Audit, Refund Audit
3) Tax Audit= This Audit is required by IT Act u/s 44AB
15 March 2009
nice explanation.
nice explanation.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- SEC 54 OF IT ACT
- Where to show the RCM on Rent paid to unregistered landlord
- Form 26QB for TDS on property
- Is Aadhar PAN linking required for opening bank account?
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- GST Annual Returns filing due date
- Residential status for filling income tax returns in India
- TDS NUMBER SURRENDER
- DTCP approval
- RCM - commercial rent paid to URP under GST
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
