To get selected for audit of public sector undertakings (PSUs) or statutory corporations, CA firm with basic eligibility has to first empanel with comptroller and auditor general (CAG) of India. CA firms or LLPs in India can apply for empanelment with the office of CAG for allotment of PSU audits if they have at least one full time FCA as a partner. If the CA firm is a … [Read more...] about How CA firms are selected as statutory auditor of PSUs or Statutory Corporations