Statutory audit

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Querist : Anonymous (Querist)
23 March 2016 Dear sir,
Plz let me know what is statutory audit and when it would be conduct....

Regard
Vimal jain

29 March 2016 Statutory Audit means Audit which is Mandatory by any respective Legislation/Act. Generally in case of Company it is mandatory by Companies Act, 2013, for Co-operative Societies Co-operative societies Act, etc.
Generally it would be conducted on Annual Basis i.e. Companies - FY April to March it would be within 6 month. In any extraordinary situation period may be change.



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