ple clarify urgent

Internal Audit 1014 views 7 replies

internal auditor of a company who is not a member of the institute is require communication to previous auditor if not is guilty?

Replies (7)

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 ?

 

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.

 yes, he is not required to communicate

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.

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.

No he is not required to communicate with the previous auditor although it may be advisable to do so

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...


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