Menu
can statutory auditor be internal auditor of group companies
can statutory auditor be internal auditor of group companies i.e companies under common management, common shareholders but not having any investment in each other i.e not a subsidiary associate relationship.
Replies (3)
no..................
please give refrence to section sub section
Common management is also included in the definition of related parties as per sec 2(76). Since sec 144 of companies act, 2013 specifically prohibits the auditor from accepting appointment as an internal auditor, such an appointment would lead to automatic disqualification from the position of statutory auditor.
Recent Topic
- CGAS account Holder Deceased
- ITR form suggestion
- Post office KVP income.
- Free GST invoice tool I built for my practice R
- Clarification on Gratuity Exemption under Section
- GOODS AND SERVICE TAX - GSTR 1
- Correct ITR form
- Clarification required on Section 393 & Report
- Professional advance taxes
- Surrender pan process
Related Topics
CAclubindia
