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Internal auditor

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17 October 2012 Ours company reached above 10 crores turnover .
Is it necessary to appoint an internal auditor.

Whom to appoint.

Is statutory auditor can be appointed as internal auditor of the same company.

Is there any problem for auditor as internal as well as statutory auditor.

please any body replies to this query
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shivaji prasad bhimavarapu

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shivaji prasad bhimavarapu (Expert)
17 October 2012 Statutory Auditor can not be appointed as Internal Auditor.
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