Internal audit

Companies Act 2013 630 views 2 replies

as per section 138 of companies Act 2013 internal audit was applicable as per prescribed limits , my question is whether such appiontment of internal auditor is compulsory even if the company has internal audit department?

Replies (2)

The internal auditor may be an employee of the company. So, a company may either engage external agency or have internal resources to conduct internal audit.
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[Rule 13 of the Companies (Accounts) Rules, 2014]

Commendable title to make anyone read the post.....hats off.... :D :D


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