Role of CA in LLP Audit
LLP Audit is inspection of books of accounts of LLP by Independent Chartered Accountant firm. LLP audit is detail verification of data , records , statements & financial statements. Audit is performed to ascertain the validity and reliability of information. Key benefit of conducting LLP audit is to detect and prevent error, fraud in function of partnership firm. After verification LLP auditor shall issue his LLP audit report. In short, an audit implies an investigation and a report.
LLP Audit 2 Types
1.LLP Audit Under LLP Act 2008
2.Audit Under Income Tax Act 1961.