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Related party

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 December 2011 Can statutory Auditor and Internal auditor of a Private limited company be Related Parties.??
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prasad

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prasad (Expert)
22 December 2011 Realated parties cannot be appointed as statutory auditor and internal auditor
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CA VISHAL RANA,CS,B.Com,AMFI

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CA VISHAL RANA,CS,B.Com,AMFI (Expert)
22 December 2011 agree with expert.

Internal auditor and statutory auditor both have independent position in company....so related party can't be apponited as a auditor to effect the independenceness of auditors.
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