Internal audit

Hi Shyam,

There is no rule for a company to undergo internal audit.

It ll b conducted on there own interest...

Generally this ll b carried out for those co.s which has more no. of branches and the head office wants to kno the performance of its branches...

boys !!! going on a wrong track !!! "There is no rule for a company to undergo internal audit."

all listed companies and/or public co having paid up capital more than 5cr, have to appoint internal

auditor, its on behalf of management of co.

and statutory auditor is to give an independent opinion about the financial results.

my dear friends you are going to become CAs in future so I suggest you should know the things perfection and perfection come from the revision only and that must be needed in CA field.