Audit Confirmation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 July 2010
Dear Experts,
Sir any private limited company (Consultancy firm) can become internal auditor of any company?
Sir any private limited company (Consultancy firm) can become internal auditor of any company?
01 August 2010
Ya,,,
Why not
Why not
01 August 2010
So far there is no prescribed qualification to be an internal auditor.
To my knowledge; the private limited company cannot perform internal audit because audit and consultancy are altogether different things.
Recently; the provisions of LLP have been introduced to form consultancy firms as capacity building firms of multiple functions of accountancy, auditing, company law matters etc.but they cannot act in the form of Private Limited Company.
To my knowledge; the private limited company cannot perform internal audit because audit and consultancy are altogether different things.
Recently; the provisions of LLP have been introduced to form consultancy firms as capacity building firms of multiple functions of accountancy, auditing, company law matters etc.but they cannot act in the form of Private Limited Company.
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