Hello Experts,
I am having sole proprietorship of a firm which provides Information Technology services. What will be limit of Internal audit done by CA for such firms? Will it be 25 Lakhs or 1 Corer?
Thank you!
Vishal
1 Replies
Rashi Bajaj
(CA)
(752 Points)
Replied 17 June 2015
Dear Vishal,
Internal audit is NOT compulsory in case of proprietorships. The limits you have stated applied to corporates only.
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