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Query related to Internal Audit
Replies (4)
Who can appoint Internal Auditor?
Any board resoluation required for the same?
Management appoints the Internal Auditor.Yes, a board resolution is required to be passed.
| Originally posted by : CA Surya Kumari | ||
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Management appoints the Internal Auditor.Yes, a board resolution is required to be passed. |
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One of the Audit Committee's roles is to:
- Appoint the Chief Audit Executive CAE and determine his/her compansation
NOT the management, so the audit committee provide the independence to the CAE
NOTE: More about audit committee is attached
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