Any company in India needs to get their accounts audited (statutory) on mandatory basis. There are other audit such as tax audit and internal audit which has certain criteria on the basis of which it is decided whether these audits are needed. Individual practicing Chartered Accountants qualified to do audit or a firm of chartered Accountants qualified to do audit shall be the company audit service provider in India. The cost of audit service in India depends on the size and volume of the work. One should always check the eligibility of to be appointed auditor of the company.

There are several benefits of audit of the company. Major benefits are listed below

Good for your business:

Effective internal control to facilitate supervision and monitoring , helps Prevent and detect irregular transactions, feedback on ongoing performance, maintain adequate business records and to promote operational productivity. Internal audit prevents risk of irregularity and fraud.Read More