please reply

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would you please tel me the difference between internal audit and concurrent audit.

can a concurent auditor become the tax auditor of the same firm

 

Replies (5)

Internal audit is carried out for a company Whereas concurrent audits are mainly for Banks. The basic nature of audit remains same but the area of audit differs widely.

Yes it is so

it is not only for banks . concurrent audit is also done in forex.

 

CAN A CONCURRENT AUDITOR DO TAX AUDIT OF THE SAME FIRM.

Now the rule is Concurrent auditor not eligible for Tax Auditor for the same co.

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