Question

an adult by qualified persons which is a compulsory requirement under act is known as​

Answer 1

Answer:

I think it's Income Tax Act..

hope this helps u..

Answer 2

Concept introduction:

A statutory audit is an unbiased evaluation of a company's or institution's financial records. The auditor's responsibility is to assess whether an organization's financial statements are 'true and fair' and comply with all applicable regulations and legal requirements.

Explanation:

Given that, there is an an audit by qualified person.

We have to find, what is an audit by qualified persons which is a compulsory requirement under act.

According to the question,

An adult by qualified persons which is a compulsory requirement under act is known as​ statutory audit.

Final Answer:

An adult by qualified persons which is a compulsory requirement under act is known as​ statutory audit.

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