a Internal auditor of the Charitable Trust/ Society can also become its Statutory Auditors
3 Replies
Rahul Gupta
(Project Controller ACA MBA(Fin.))
(8019 Points)
Replied 09 June 2010
No it's not possible in the same year.
In one year you can't be a internal auditor and also the statutory auditor. However, in case you are the internal auditor for the last year, then for this year you can be the statutory auditor.
CA Mukul Mittal
(CA in practice)
(384 Points)
Replied 10 June 2010
as per cooperative societies act, the same rules for statutory auditor are applicable to a cooperative society as are applicable to a company....
therefore, an internal auditor cannot be a stat auditor...........
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