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Internal Auditor

meenu (cs) (416 Points)

17 July 2009

Hi All,

Who can be appointed as internal auditor of the Company?Any specific qualification is required or any individual authorised by Board?

Best regards,

Meenu

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5 Replies

Ankur Garg (Company Secretary and Compliance Officer) (114773 Points)
Replied 17 July 2009

Hi,

Appointment of Internal auditor is the prerogative of the company's management. Any specific qualification is not required for being appointed as internal auditor.

Any Individual/Firm having appropriate qualification for the post may be appointed by Board. But mostly reputed CA Firms are appointed as internal auditor. It is advisable to appoint CA or CA Firms as internal auditor.

Best Regards

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meenu (cs) (416 Points)
Replied 17 July 2009

Sir,

Can we appoint an employees with just graduate as internal Auditor? As the Company is unlisted Public Company.

Best Regards,

Meenu

Ankur Garg (Company Secretary and Compliance Officer) (114773 Points)
Replied 18 July 2009

Hi,

Yes you can appoint an employees with just graduate as internal Auditor. Well i am not sure about the benefit of such appointment.

Regards

meenu (cs) (416 Points)
Replied 18 July 2009

Sir,

I know there is no such benefit for the same appointment but the Coampny just dont want to pay extra for the appointment of the same.So appointing the employee to just do the Compliance.

Thnxs N Regards,

Meenu