Applicabality of audit

bhavisha (accountant) (103 Points)

17 July 2018  

Hello

my query about  audit rules , as proprietary business running wholesale supply having sales less than 1cr. and incurred a profit less than 8% of sales should they liable for audit ? they maintain books of account. 

and can non CA do the audit ? 

2. if trader/manufacturer having loss during the proprietary business they liable for audit also maintain books of accounting. 

someone could guide us. please.