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https://help.tallysolutions.com/docs/te9rel49/Statutory_Audit/Introduction_Statutory_Audit.htm

Statutory Audit

The primary objective of Tally.ERP 9's Statutory Audit features is to ensure that the financial statements (such as Balance Sheet, Profit & Loss Account etc.) provides a true & fair view of the Company’s financial state of affairs. As per the Companies Act it is mandatory for all the Registered Companies to get their Books of Accounts audited by the practicing Chartered Accountants.