INTERNAL AUDIT
This query is : Resolved
DINESH KUMAR
(Querist)
23 September 2008
Dear All
A company wants to appoint a Non-CA as Internal Auditor. As per ICAI's guidelines, Schedule to Chartered Accountans Act, and Companies Act, 1956, is it possible for a company?
thanks
A company wants to appoint a Non-CA as Internal Auditor. As per ICAI's guidelines, Schedule to Chartered Accountans Act, and Companies Act, 1956, is it possible for a company?
thanks
S.Srinivasaraghavan
(Expert)
23 September 2008
There is no statutory bar in appointing non-CA as at present. But such an appointment will be entirely for internal administration purposes.
23 September 2008
Only the restrictions and bindings are for the external/Statutory auditors
Ravikumar.G
(Expert)
23 September 2008
It depends. Statutory auditors will rely on the work of the internal auditors. And also in the CARO they will report that internal audit system commensurate with its size and nature of its business.
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