Statutory Audit of Companies : Every company is required to get its accounts audited from a Chartered Accountant in practice.
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.
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.
