as per section 138 of companies Act 2013 internal audit was applicable as per prescribed limits , my question is whether such appiontment of internal auditor is compulsory even if the company has internal audit department?
siva nagi reddy .p (Service) (53 Points)
09 June 2015as per section 138 of companies Act 2013 internal audit was applicable as per prescribed limits , my question is whether such appiontment of internal auditor is compulsory even if the company has internal audit department?
Deepak Gupta
(CA Student)
(15922 Points)
Replied 09 June 2015
The internal auditor may be an employee of the company. So, a company may either engage external agency or have internal resources to conduct internal audit.
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[Rule 13 of the Companies (Accounts) Rules, 2014]
Anisha Sharma
(Student CA Final )
(49 Points)
Replied 09 June 2015
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