Appointment of internal auditor

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Aravind Maddipati (Querist)
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07 February 2018 If A is a statutory auditor of a company named X, can he act as an internal auditor of company Y which is an associate company of X.

Please quote the corresponding section of the act to your opinion

ND (Expert)
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07 February 2018 Please refer Section 144 of The Companies Act,2013. A statutory auditor can not do internal audit of a holding and subsidiary company of the company of which he is the statutory auditor.

Aravind Maddipati

Aravind Maddipati (Querist)
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07 February 2018 Here my query is regarding associate company which is not mentioned in section 144