What is internal audit?
This query is : Resolved
Nikhil Kaushik
(Expert)
07 March 2014
as such there is no section dealing with internal audit except for requirements under CARO on internal control mechanism/Internal audit.
separately, there are different statutes which prescribe internal audits such as BSE/NSE require that there constituent brokers get the internal audit performed by external auditors every quarter.
separately, there are different statutes which prescribe internal audits such as BSE/NSE require that there constituent brokers get the internal audit performed by external auditors every quarter.
Nikhil Kaushik
(Expert)
07 March 2014
however, for producer companies, internal audit is prescribed under section 581ZF of the companies act 1956
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