statutory audit

This query is : Resolved 

24 June 2017 which person is liable to get his books of accounts audited?

24 June 2017 When his turnover exceeds 1 crore. Or he has declare income less than presumptive income u/s 44AD, 44AE & 44ADA.

24 June 2017 Mam, isn't this rule applicable for tax audit or both have same rules..?


24 June 2017 This rule is for tax audit.


24 June 2017 then what's the rule for statutory audit?

26 June 2017 Statutory audit under which act?

13 October 2021 A statutory audit is a legally required check of the accuracy of the financial statements and records of a company or government. A statutory audit is intended to determine if an organisation delivers an honest and accurate representation of its financial position by evaluating information, such as bank balances, financial transactions, and accounting records.



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