CA inter....

IPCC 151 views 2 replies
Guys.. Have a query.. Concerning a Church association.. Internal auditors were appointed at the last agm at the General meeting. After getting the association registered, external auditors were *given* to do the auditing of the association. Can this be done, in the sense, can the external auditors be given to do the auditing without approval of the general body at the agm? As far as ik, the external auditors should be appointed at one agm for the next year. So what happens in this case?? Do the internal auditors do the auditing for the current year or does the external auditors have the responsibility to do the same?
Replies (2)

In case of an NGO or a registered association, the external auditor is appointed as per the by-laws of that organisation. If the By-laws permit the appointment of the auditor in a meeting other than the AGM, then it is possible to appoint the auditor. Also, the scope of the audit is usually written in the audit engagement letter. Although, in this case, I think both the auditors will audit the current year within their defined scope.

the scope of the audit is usually written in the audit engagement letter. Although, in this case, I think both the auditors will audit the current year within their defined scope.


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