we are a chartered Accountacy firm acting as internal auditor of an holding company. i want to know whether can v do the external audit of its subsidiary. reply is expected urgently pls..
4 Replies
Nirmal
(articles)
(92 Points)
Replied 21 December 2007
Mr Prakash Can u please be clear as to what you are trying to express .
Nirmal
(articles)
(92 Points)
Replied 21 December 2007
Mr Prakash Can u please be clear as to what you are trying to express .
PAGE 1,
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CA Ghanshyam Baheti
(chartered accountant)
(587 Points)
Replied 26 December 2007
no statutory and internal auditor cannot be the same person. Even though subsidiary co. has its separate legal entity but still above sentence holds true so external and internal auditor must be 2 different persons
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