17 September 2011
Plz.clarify, Is there any requirement that an internal auditor should be a qualified CA for the purposes of reporting under the CARO?
18 September 2011
CARO-Companies (Auditor's Report)Order, 2003 1.It applies to all companies including foreign companies defined U/s 591 of the Companies Act.
Since it is concerned to Companies Act only qualified Chartered Accountant who is in practice is to give report.
Internal Auditor cannot give this report even if he is a qualified Chartered Accountant.
CAclubindia
