Audit of Private Limited Company
Congratulation You Registered your company. Now its time to update your self for Audit of Private Limited Company. Company Act 2013 made it mandatory for Audit of company irrespective of its turnover or nature of company. All Private Limited company required to maintain there books of accounts. Its company directors responsibility to get its books of accounts audited. Company need to appoint practicing Charted accountant for auditing.
Company Audit is inspection of business that is carried out to ensure that they are correct. The object of an audit financial statement it to enable auditor to express an opinion. The auditor will have to go through various books of accounts , bills , vouchers to satisfy that accuracy of it.
Types of Audit of Private Limited Company
1. Internal Audit
2. Statutory Audit
3. Cost Audit
4. Audit Under Income Tax