can a Internal Auditor be a Cost Auditor?
This query is : Resolved
tushar dhiman
(Querist)
24 February 2009
sir,
pls may i know that Can a Internal Auditor act as a Cost Auditor in the same financial year in a company?
pls may i know that Can a Internal Auditor act as a Cost Auditor in the same financial year in a company?
CA. B.SRINIVASULU
(Expert)
24 February 2009
Generally Internal Audit is given to a practicing chartered account and cost auditor should be a person who is practicing under CWA. A person cannot be a practicing person under both CA and CWA institute.
12 October 2009
The Department of Corporate affairs is of the view that the cost auditor should not also be the internal auditor of a company for the period for which he is conducting the cost audit.
Ref :- Circular 1/83 dated 20/01/1983.
Ref :- Circular 1/83 dated 20/01/1983.
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