Is Audit Mandatory for an LLP? Eligibility & Rules Explained
Running a Limited Liability Partnership (LLP) comes with several legal and compliance responsibilities. One of the most common questions asked by LLP partners is: “Is an audit mandatory for an LLP?” The answer is not always. Unlike companies, an LLP is required to get its accounts audited only if it meets certain prescribed thresholds under the Limited Liability Partnership Act, […]
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