Internal and tax audit by same member?
This query is : Resolved
17 April 2013
Can a member be an Tax Auditor of a company being a Sole Proprietor and also be a Internal Auditor of the same company as a Partner of the Firm doing Internal Audit.
Like: A is a sole proprietor and a partner in Firm ABC too. He is doing Tax audit of XYZ Company. The XYZ company's internal audit is done by Firm ABC.
Is that Legal as per ICAI rules?
Like: A is a sole proprietor and a partner in Firm ABC too. He is doing Tax audit of XYZ Company. The XYZ company's internal audit is done by Firm ABC.
Is that Legal as per ICAI rules?
17 April 2013
Yes, A Chartered Accountant can become a Tax Auditor as well as Internal Auditor of the same company as per ICAI guidelines
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