Can a director be internal auditor for the same company

This query is : Resolved

N.R. Surya Narayanan (Querist)
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08 November 2011 Mr. A is a chartered accountant who his holding COP and practices as sole-proprietor with name M/s. A&co., chartered accountants. He is also a non-executive director in a Private Limited company. Now can the Pvt.Ltd.co., appoint Mr.A, as its internal auditor......In simple language can a director of a company be appointed as its internal auditor.....

CS Bijoy

CS Bijoy (Expert)
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12 November 2011 Professional providing any professional service can not be hold any interest in the same company unless the service influenced by his interest.

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