Internal audit report
This query is : Resolved
17 June 2013
Sir/ mam
is it mandatory to place internal audit report in the board meeting if the same has been considered by the audit committee?
Minutes of such audit committee are duly placed in the board meeting for approval but again placing of internal audit report in front of all board members is a pre-requisite?
as per my understanding, though every board member has a right to knw the internal audit report but keeping it again defeats the purpose of forming audit committee for such matters. pls advice
is it mandatory to place internal audit report in the board meeting if the same has been considered by the audit committee?
Minutes of such audit committee are duly placed in the board meeting for approval but again placing of internal audit report in front of all board members is a pre-requisite?
as per my understanding, though every board member has a right to knw the internal audit report but keeping it again defeats the purpose of forming audit committee for such matters. pls advice
17 June 2013
No Sakshi,
I dont think there is a formal requirement of placing the Internal Audit report at the BM.
since the same is placed before the ACM, and the same is ratified by the Board, it is as good as placed before the BM
I dont think there is a formal requirement of placing the Internal Audit report at the BM.
since the same is placed before the ACM, and the same is ratified by the Board, it is as good as placed before the BM
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