A Company Secretary in Practice has been authorized under Section 2 2 c v of the Company Secretaries...........

Auditing Concept of Auditing

A Company Secretary in Practice has been authorized under Section 2(2)(c)(v) of the Company Secretaries Act, 1980 to conduct

VAT Audit

Secretarial Audit

Cost Audit

Bank Audit

- Option 1: VAT Audit

- VAT audits are typically conducted by tax auditors or chartered accountants.

- Company Secretaries are generally not authorized to conduct VAT audits.

- Option 2: Secretarial Audit

- Secretarial Audit involves verifying compliance with company laws and guidelines.

- It is specifically within the scope of practice for a Company Secretary under the Company Secretaries Act, 1980.

- Option 3: Cost Audit

- Cost audits examine the cost records and are usually conducted by cost accountants.

- Company Secretaries are not authorized to perform cost audits.

- Option 4: Bank Audit

- Bank audits involve the examination of financial statements of banks.

- Typically performed by Chartered Accountants, not Company Secretaries.

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