Audit

Avinash Kumar (CA Final Student & Working as Deputy Manager Accounts)   (79 Points)

16 April 2016  

Dear All,

Greetings of the Day !!

As you all aware that as per Section 143(3)(i) of companies Act statutory auditor requiring to comment in his audit report whether the company has adequate internal financial controls system in place and the operating effectiveness of such controls.

Since we have already an internal auditor who look after internal control system further do we need to get any special audit for this purpose or statutory auditor himself during his audit will reach to conclusion to comment ?

Is there any statutory obligation to get special audit for this purpose alone?

 

Thanks in advance to all !!