A company wants to appoint a Non-CA as Internal Auditor. As per ICAI's guidelines, Schedule to Chartered Accountans Act, and Companies Act, 1956, is it possible for a company?
23 September 2008
There is no statutory bar in appointing non-CA as at present. But such an appointment will be entirely for internal administration purposes.
23 September 2008
It depends. Statutory auditors will rely on the work of the internal auditors. And also in the CARO they will report that internal audit system commensurate with its size and nature of its business.
CAclubindia
