Director as internal auditor

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N.R. Surya Narayanan (Querist)
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06 November 2011 Mr. A is a chartered accountant who his holding COP and practices as sole-proprietor with name M/s. A&co., chartered accountants. He is also a non-executive director in a Private Limited company. Now can the Pvt.Ltd.co., appoint Mr.A, as its internal auditor......In simple language can a director of a company be appointed as its internal auditor.....

RG - A Helping Hand

RG - A Helping Hand (Expert)
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24 November 2011 I would not suggest you to appoint him as Internal auditor of the company.

Later on you may face the issue of independence of auditor.

RG