Filing of the returns

This discussion delves into the distinction between external and statutory auditors, particularly concerning their appointment and qualifications. While an external auditor can often be a statutory auditor, there are specific regulations, such as those under the Companies Act, that govern this. Notably, an internal auditor appointed under Section 138 cannot serve as the statutory auditor under Section 139, and professional qualifications like a CA are generally required for statutory roles, though internal auditors may have broader professional backgrounds.