CA inter....

IPCC 273 views 2 replies

Yohan Dsouza

207 Points Posted on 03 April 2019

Guys.. Have a query.. Concerning a Church association.. Internal auditors were appointed at the last agm at the General meeting. After getting the association registered, external auditors were *given* to do the auditing of the association. Can this be done, in the sense, can the external auditors be given to do the auditing without approval of the general body at the agm? As far as ik, the external auditors should be appointed at one agm for the next year. So what happens in this case?? Do the internal auditors do the auditing for the current year or does the external auditors have the responsibility to do the same?

Replies (2)

Manish G Nair

Articled Assistant

124 Points Posted on 03 April 2019

In case of an NGO or a registered association, the external auditor is appointed as per the by-laws of that organisation. If the By-laws permit the appointment of the auditor in a meeting other than the AGM, then it is possible to appoint the auditor. Also, the scope of the audit is usually written in the audit engagement letter. Although, in this case, I think both the auditors will audit the current year within their defined scope.

Priya Kashyap

Student

7053 Points Posted on 06 April 2019

the scope of the audit is usually written in the audit engagement letter. Although, in this case, I think both the auditors will audit the current year within their defined scope.