Internal audit

This query is : Resolved 

12 February 2009 What are the provisions in the companies act regarding internal audit?
is it compulsory?
Is there any monetary limit specified in the act?

13 February 2009 It can be reffered to CARO report issued by stautory auditor. CARO specifes certain limits beyond which Internal audit is compulsory. U can online get CARO report @ www.caalley.com



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