Under section 138 of Companies Act 2013 has been made mandatory for the class of limited companies r...........

Companies Act( Revenue Account ) Audit and auditors

Under section 138 of Companies Act 2013, _______ has been made mandatory for the class of limited companies required by the Central Government to do so.

statutory audit

government audit

internal audit

cost audit

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Explanation:

- Statutory Audit: This involves an examination of financial statements and records, typically required by law for all companies to ensure accuracy and compliance.

- Government Audit: This is conducted by a governing body or agency, usually for public organizations or government bodies, to ensure the proper use of public funds.

- Internal Audit: This is an independent, objective assurance and consulting activity, designed to add value and improve an organization’s operations. Under Section 138 of the Companies Act, 2013, this is mandatory for certain classes of companies as specified by the Central Government.

- Cost Audit: This involves verification of cost accounts and a check on the adherence to cost accounting standards.