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CA Act, 1949

This query is : Resolved 

26 April 2017 if a ca in service is appointed as an internal auditor of any company then whether he is deemed to be a member in practice u/s 2(2) of ca act 1949?? and if yes whether he will be penalised u/s 24??

27 April 2017 A CA is considered to be in practice only if he has Certificate of Practice and has is doing attestation function. Internal audit does not fall under the attestation function. Thus, a person in service can do internal audit of a company.


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