internal audit
This query is : Resolved
08 May 2017
can a CFO as per law can be appointed as internal auditor of company
Amol S Joglekar
(Expert)
09 May 2017
yes, there is no any bar in doing so.
09 May 2017
isn't it the violation of section 203 of companies act.could u provide for detailed explanation
Amol S Joglekar
(Expert)
10 May 2017
Key Managerial Person......do you have any query on this? Please elaborate
10 May 2017
yes as per the question given In the exam A CFO has been appointed as the Internal auditor...My query is whether he can be appointed and if yes any violation of act is made?
Amol S Joglekar
(Expert)
10 May 2017
I answered it already. To my answer you queried about section violation which I could not understand. Hence I requested to elaborate with special reference to section 203.
10 May 2017
can KMP hold any other office inthe company while in the position of the KMP?
Amol S Joglekar
(Expert)
10 May 2017
Key Managerial Person....... can hold. No problem.
Amol S Joglekar
(Expert)
10 May 2017
You are most welcome.
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