Difference between internal & concurrent audit

2629 views 1 replies

Hi,

 

I wanna know the exact difference betwwen "Internal Auidt" & "Concurrent Audit"

Also who are eligible for conducting the same. Is it mandatory for an Assessee to appoint a Chartered Accountant for the same?

Please help me out!!!!!!!!!!

 

Replies (1)

I can say both are same, but the banking grammar says the word "Internal" as "Concurrent". Both run as the continuous audits within the Organization. I dont see using the word Concurrent to non-banking areas.

I dont see the mandate to have only CA's do these audits, any competent person as referred by the respective legisltation can be appointed to conduct these.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 24 June 2026
HEAD - AUDIT AND TAXATION

A R JADHAV AND ASSOCIATES

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 27 June 2026
Article

SNCO

Mumbai

CA Inter

View Details
Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details
Company
25 June 2026
AUDIT MANAGER

JDAS & ASSOCIATES

New Delhi

CA

View Details
Company
ARTICLESHIP 27 June 2026
CA Articled Trainee And Paid Assistant

SKAA & Associates

New Delhi

CA Inter

View Details
Company
29 June 2026
ACCOUNTANT

SANDEEP AASHISH & CO

Araria

B.Com

View Details
Company
29 June 2026
Accountant (Finance & Compliance)

TRIEYEZ

Kolkata

CA

View Details
Company
20 June 2026
Chartered Accountant

ANV & Company

New Delhi

CA

View Details