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corporate governance and internal auditor

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 July 2011 i want to know about internal auditor function or importance in corporate governance.
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
21 July 2011 An internal auditor of a limited company and that too of a listed company should not have any vested interest in any of the transaction of the company.

He is also prohibited from buying and selling the shares of the company in his personal or in the name of his family members.
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