ABC Ltd is Holding Co. of XYZ Ltd
PQR is statutory auditor of XYX Ltd(Subsidiary).
Can PQR be appointed as Internal Auditor of ABC Ltd(Holding Co.)
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Auditor of holding and subsidiary co.
Replies (2)
No.. PQR can't be appointed as internal auditor in ABC Ltd.
Agree with Ritu
It is not advisable to appoint statutory autotor of subsi as internal auditor of holding co.
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