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Appointment of internal auditor

Biswa Ranjan Mishra (Company Secretary) (37 Points)

18 March 2015

Dear All,

I have an query. Whether a Company (Pvt. Ltd./Ltd), which is into management consulting, be appointed as an Internal Auditor of another Company in terms of Section 138 of the Companies act, 2013, if a director/employee of the said management consulting company is a CA/CWA.

Pl. share your view.

Regards

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1 Replies

Ravi kumar kalam (Articles) (21 Points)
Replied 06 June 2015

No,a company cannot be appointed as a internal auditor.as per sec 138 ca,cost accountant or a professional decided by board can be appointed.a director or employee cannot represent a company appointed as internal auditor.