companies act compliance in internal audit

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

02 February 2011 I am on with an internal audit and found some non compliance to the companies Act but my colligues says as it is a part of Statutory audit we are not needed to comment on that part. is it correct if yes then how to disclose the same while remaining in the scope. please advice.

CA Shailesh Kumar Bhagat

CA Shailesh Kumar Bhagat (Expert)
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02 February 2011 You need not to comment on these matter, if it has not been covered under internal audit programmed deceided by the management.

You have to go by your scope of audit.