statutory audit


18 August 2009 Suppose I have to do a Statutory audit of a company then what are the procedure or process i have to take to complete this task.Reply as soon as possible.also in case of tax audit.

18 August 2009 Hi,

Statutory Auditor is appointed by the shareholders at the annual general meeting under section 224 of the companies act, 1956.

As per section 224(5) first auditor is appointed by board of directors with in 1 months of regn of the company.

So before starting Statutory Audit make sure that your appointment is as per law.

Regards

18 August 2009 i want to know practically how to conduct the audit.




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