Can a full time employee also be an internal auditor of a company.

" The internal auditor may or may not be the employee of the Company,"

this is written in law and i read it..

if you have a still doubt then other smart way..

Hire that chief accoutant as internal auditor and terminate employee-employer relationship. (this is long way and it has its own benifits like far lower tax for that chief accoutant!! if you can get it.)