Internal audit under caro
This query is : Resolved
Mahavir K.Godse
(Querist)
17 October 2012
Dear Experts,
If the internal audit under CARO is applicable to a company and it is not complied with the provisions then what are the consequences of the same?
If the internal audit under CARO is applicable to a company and it is not complied with the provisions then what are the consequences of the same?
Amol S Joglekar
(Expert)
17 October 2012
Prima facie QUALIFICATION in the statutory audit. (Depending upon the materiality the statutory auditor may DISCLAIM)
Mahavir K.Godse
(Querist)
17 October 2012
Thank you very much for your kind reply.
Is there any penalty as such to company for such default?
Is there any penalty as such to company for such default?
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