Statutory auditor can be internal auditor
This query is : Resolved
26 July 2013
Hi all......
please let me know that can statutory auditor of a PSU can take up the assignment of internal audit subsequent to the completion of his tenure as stat. auditor
please let me know that can statutory auditor of a PSU can take up the assignment of internal audit subsequent to the completion of his tenure as stat. auditor
26 July 2013
yes,but it cannot be done simultanously.
26 July 2013
Agree with Tushar... One party can not audit both (Internal and Statutory) at same time.
26 July 2013
Yes, he can retire from statutory auditor and can re-appoint as a internal auditor
27 July 2013
Thanks to all for valuable suggestions.....Please provide me the notification if any in this regard.
27 July 2013
Go through following link.:
There is one judgement given by ICAI Expert Advisory committee in this regard.
http://220.227.161.86/eac/eacfinal/vol21/45.htm
There is one judgement given by ICAI Expert Advisory committee in this regard.
http://220.227.161.86/eac/eacfinal/vol21/45.htm
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