Commercial Law and Preliminaries of Auditing · Class 11 Commerce
Ch 8Different Types of Audits – II — Class 11 Commercial Law and Preliminaries of Auditing, concept-first.
Unit 5 (Different Types of Audits – I, studied earlier this semester) classified audits by when they are conducted — Continuous, Periodical, and Interim Audit. This chapter — Unit 8, Part B (Preliminaries of Auditing) of the WBCHSE Commercial Law and Preliminaries of Auditing (CLPA) syllabus, worth 10 of the 40 marks i…
Key concepts
Hover a concept to preview it and jump to its most relevant Q&A.
Statutory Audit
A Statutory Audit is an audit made compulsory by a specific law, regardless of whether the entity itself wants one — for example, every company registered under the Companies Act, 2013 must be audited.
Most relevant Q&A
Chapter contents
The NCERT structure, section by section. Open a section to see its questions, then read the concept-first solution.
What This Chapter Covers
Unit 5 (Different Types of Audits – I, studied earlier this semester) classified audits by when they are conducted — Continuous, Periodical, and Interim Audit.
On the Basis of Law: Statutory Audit, Non-statutory Audit, and Government Audit
This classification asks a single question about any given audit: does the law require it, or not?
On the Basis of Scope of Work: Complete Audit, Partial Audit, and Internal Audit
This second classification asks a different question: how much of the business's records does the audit actually cover?