Difference between internal & concurrent audit

AYUSH Agarwal (Aticle) (158 Points)

03 February 2012  

Hi,

 

I wanna know the exact difference betwwen "Internal Auidt" & "Concurrent Audit"

Also who are eligible for conducting the same. Is it mandatory for an Assessee to appoint a Chartered Accountant for the same?

Please help me out!!!!!!!!!!