Related party


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Querist : Anonymous (Querist)
22 December 2011 Can statutory Auditor and Internal auditor of a Private limited company be Related Parties.??

prasad (Expert)
22 December 2011 Realated parties cannot be appointed as statutory auditor and internal auditor

22 December 2011 agree with expert.

Internal auditor and statutory auditor both have independent position in company....so related party can't be apponited as a auditor to effect the independenceness of auditors.


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