Can a B.Com qualified staff appointed as an Internal Auditor of a Company as per Companies Act

Dear Professionals,

As per sec 138 of Co. Act 2013-

"Such class or classes of companies as may be prescribed shall be required to appoint an internal auditor, who shall either be a chartered accountant or a cost accountant , or such other professional as may be decided by the Board to conduct internal audit of the functions and activities of the company."

Kindly respond your pinion whether a B.Com qualified staff can appoint as an Internal Auditor of Unlisted Pvt. Limited Co.

Such class or classes of companies as may be prescribed shall be required to appoint an internal auditor, who shall either be a chartered accountant or a cost accountant, or such other professional as may be decided by the Board to conduct internal audit of the functions and activities of the company

Read more at: https://taxguru.in/company-law/internal-audit-section-138-companies-act-2013.H T M L
Copyright © Taxguru.in
The Internal auditor may be a CA/CWA or any other professional.

Read more at: https://taxguru.in/company-law/internal-audit-section-138-companies-act-2013.H T M L
Copyright © Taxguru.in
Replies (2)
Quick Summary
This discussion explores whether a B.Com qualified individual can be appointed as an Internal Auditor for a company under Section 138 of the Companies Act, 2013. While the Act specifies a Chartered Accountant or Cost Accountant, it also allows for 'such other professional as may be decided by the Board'. The consensus leans towards the Board having the discretion, but the primary qualification requirement is often interpreted as CA or CMA.

It is up to the Board to decide.
No, it has to be a CA or CMA as per Companies Act 2013

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
24 August 2026
Semi-Qualified CA/CA Finalist - Tax, GST, Audit & Accounts

Bharat Shah & Associates

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 29 August 2026
Article Assistant

RRPM & ASSOCIATES LLP

Chennai

CA Inter

View Details
Company
28 August 2026
Assistant Manager

NRS AND ASSOCIATES

Kozhikode

CA Inter

View Details
Company
08 August 2026
International Corporate Tax Advisory

Shulke

Bengaluru

CA

View Details
Company
ARTICLESHIP 08 August 2026
Article Assistant

Sanath Sheshagiri & Co.

Bengaluru

CA Inter

View Details
Company
11 August 2026
COMPLIANCE EXECUTIVE

YMW COMPLIANCE SERVICES LLP

Others

CA Final

View Details
Company
14 August 2026
Semi Qualified

Goyanka & Associates

New Delhi

CA Inter

View Details
Company
04 September 2026
CA inter Or ca finalist

A Jaiswal and company

Lucknow

CA Final

View Details