Internal audit

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155 Points Joined May 2016
whether an internal auditor can
conduct tax audit in the same company? plz reply nyone
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On 26 September 2019 at 16:08 Report
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"Do the Right Thing...!!!"
128147 Points Joined January 2015
No... Internal auditor can't conduct Tax Audit in same Co.
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On 26 September 2019 at 16:38
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udupi
49 Points Joined December 2017
The Council in its 281st meeting held from 3rd to 5th October, 2008 decided that an internal auditor of an assessee, whether working with the organization or an independently practicing Chartered Accountant being an individual chartered accountants or a firm of chartered accountants, could not be appointed as his tax auditor.
 
The said decision came into effect from December 12, 2008. As per the decision an internal auditor cannot carryout tax audit on or after December 12, 2008. Subsequently representations have been received pointing out the hardship being caused by the abovesaid decision in respect of those internal auditors who have been appointed as tax auditors for the financial 2008-09 on or before December 12, 2008. The Council considering this hardship has decided that the decision taken by the Council at its meeting between 3rd to 5th October, 2008 shall be applicable to all appointments as tax auditor made on or after December 12, 2008 and accordingly those internal auditors whose appointment have been made as tax auditors before December 12, 2008, can carry out the tax audit of the financial year ending on March 31, 2009, i.e., Assessment Year 2009-2010 only.
 
 
 
 
 
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On 26 September 2019 at 16:38
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155 Points Joined May 2016
Bt sec 144 does not prohibit to conduct tax audit by internal auditor then?
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On 26 September 2019 at 16:41
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udupi
49 Points Joined December 2017

Section itself prohibit appointment of internal auditor as tax auditor the how can he conduct tax audit

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On 27 September 2019 at 10:21


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