tax audit

whether internal auditor can be a statutory auditor of a same company if no resolution passed in meeting..........

 

 

Replies (1)

No, the appointment of the statutory auditor should done in AGM, if the company fails to appoint a statutory auditor in the AGM then the power of fillingup the vacancy  will b with the Central Govenment.

the internal auditor cant act as a statutory auditor  (though he is a qualified chartered accountant), as he is a employee of the company, where as the statutory auditor is a independent person.

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