16 September 2011
As per CARO, the company should have an internal audit system commensurate with the size and nauture of its business. Query : Whether it should be headed by a CA or only a proper internal audit system should exist ?
16 September 2011
There is no prescribed qualification like CA .... for internal auditor, internal audit department need not be headed by a Chartered Accountant.
But it is a practice to appoint experienced Chartered Accountant to head the internal audit department
CAclubindia
