Should the internal audit system dept be headed by a ca
This query is : Resolved
ancientvip
(Querist)
16 September 2011
As per CARO, the company should have an internal audit system commensurate with the size and nauture of its business.
Query : Whether it should be headed by a CA or only a proper internal audit system should exist ?
Query : Whether it should be headed by a CA or only a proper internal audit system should exist ?
Hari Beldona
(Expert)
16 September 2011
There is no prescribed qualification like CA .... for internal auditor, internal audit department need not be headed by a Chartered Accountant.
But it is a practice to appoint experienced Chartered Accountant to head the internal audit department
But it is a practice to appoint experienced Chartered Accountant to head the internal audit department
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