Audit

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12 March 2014 What do you mean by internal audit ? Who is liable for compulsary internal audit

13 March 2014 Sourabh,

you are a CA final student. So I would leave the answer for first question for you to work out on your own.

for second question, companies act requires internal audit only for producer companies. however, other statutes do provide for internal audit. such as BSE/NSE/SEBI provides for compulsory internal audits for brokers etc.



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