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Statutory Audit of Companies :
Every company is required to get its accounts audited from a Chartered Accountant in practice.
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Tax Audit :
Every assessee whose turnover during the previous year exceeds Rs. 1crore in case of business & Rs. 25 lacs in case of profession has to get the accounts audited from a Chartered Accountant in practice.
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Audit of LLPs :
Every LLP whose turnover exceeds Rs. 40 lacs or partners’ contribution exceeds Rs. 25 lacs is required to get its accounts audited from a Chartered Accountant in practice.
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Internal Audit