[Solved] ________ audit is compulsory for joint stock companies.

________ audit is compulsory for joint stock companies

a) Statutory

b) Final

c) Continuous

d) None of these

Answer: (a) Statutory audit is compulsory for joint stock companies. According to the companies Act, 1956, the compulsory audit of every Joint Stock Company is mandatory and therefore, an auditor is to be appointed to do the job and submit his report to the shareholders of the Company.

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