Internal audit requirements
This query is : Resolved
Manish Sodani
(Querist)
14 September 2009
Hi,
Can internal auditor of a company have a shareholding in that particular company.
Can internal auditor of a company have a shareholding in that particular company.
Aditya Maheshwari
(Expert)
14 September 2009
Yes as the reuirement is for a statutory auditor not internal
Manish Sodani
(Querist)
15 September 2009
I agree sir, but some friends have told me that ICAI has issued some guidance note for internal audit in which a CA is restricted to hold shares in that company. Pls tell me if there is such a guidance note?
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