Sandeep Keswani (Tax Consultant) (1064 Points)
30 November 2009Please let me know when Internal Audit is compulsory in case of companies. Reference to particular section will be more helpful.
Dinesh N
(Article)
(156 Points)
Replied 30 November 2009
Public Companies :- CARO 2003 is mandatory, accordingly clause VII requires for internal audit.
Private Companies; - If CARO 2003 is applicable then only other wise not applicable
CAclubindia
