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Branch Audit

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06 May 2010 Can an employee of the company be appointed as branch auditor?

06 May 2010 In case of Internal Auditor it is possible. But not for statutory Audit.

06 May 2010 please tell me ki agar exemption grounds hai to it states that the company has made arrangements for the audit of the accounts of the branch
office by a person otherwise qualified for appointment as branch auditors, even though such
a person is an employee of the company;




06 May 2010 The exemption is grounded to the branch from the audit because of the arrangement made by the branch, but however for statutory purpose, the main auditor is responsible for giving and signing statutory report , who can never be an employee of the company.

It can be taken in a way, that the branch has made arrangements for internal audit and the statutory auditor relies on its report, but the ultimate liability remains with the statutory auditor.

12 May 2010 agreed with Rahul



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