internal auditor of a company who is not a member of the institute is require communication to previous auditor if not is guilty?
Vinay
(service)
(36 Points)
Replied 27 April 2009
Answer is simple Not required, only reason being he is not a member means, as good as not a CA, Code of ethics will be applicable to only memebrs of the institute.
Can anybody vett it ?
Sandeep Keswani
(Tax Consultant)
(1064 Points)
Replied 27 April 2009
I think Vinay is right..........when a person is not a member there is no question of the Code of Conduct or the CA Act being applicable to him / her.
CA Manish K Dhoot
(CA, B. Com, NCFM, CPCM)
(5015 Points)
Replied 27 April 2009
yes, he is not required to communicate
Vrnanda
(auditor)
(110 Points)
Replied 28 April 2009
Yes as you all said, he is not subject to code of ethics of the institute as he is not a member.
Hence he is not required to communicate.
.A.M.
(Learner)
(115 Points)
Replied 28 April 2009
Only in case of Statutory Audit and Tax Audit the CA is required to communicated.
I am not aware of any AAS or Code or any requirement of Co. Act that says that even a CA as intenal auditor of Co is required to communicate.
Kaustuv
(Practicing CA)
(1773 Points)
Replied 30 April 2009
No he is not required to communicate with the previous auditor although it may be advisable to do so
CA P KARTHIKA
(Chartered Accountant)
(715 Points)
Replied 30 April 2009
Hi Srinivasu,
As per Code of conduct issued by ICAI and provided that if the internal is only a member of ICAI can communicate to previous auditor mandatorily, but he need not communicate as it is not strictly applicable for him since he is a non-member... But as a matter of knowledge of applying internal control he can communicate to previous internal auditor.. He can take it optional for him... Hope you are clarified...
CAclubindia
