Question

An audit made compulsory by-law is a ......... audit

• A. Internal Audit
• B. Statutory Audit
• C. Interim Audit
• D. None of these

Answer 1

Answer:

B. Statutory Audit

Types of Co-operative Audit:

• Statutory Audit : Compulsory by law 

• Joint Audit : when 2 or more person or firms of CA jointly undertake the audit work of a company 

• Group Audit : Auditor Conduct audit of 2 or societies at a time