As per section 138 of the Companies Act 2013, Internal Audit is compulsory if in the preceding financial year turnover :

CS Executive · Corporate and Management Accounting · PYQS · December 2021
As per section 138 of the Companies Act 2013, Internal Audit is compulsory if in the preceding financial year turnover :
(A) ₹50 crore or more
(B) ₹100 crore or more
(C) ₹200 crore or more
(D) ₹500 crore or more

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Auditing

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic