Go Ad-Free on CAclubindia with Daily Mobile Updates. Subscribe Now!

ple clarify urgent

Srinivasu (article) (71 Points)

27 April 2009

internal auditor of a company who is not a member of the institute is require communication to previous auditor if not is guilty?

Reply
Follow
Share

7 Replies

Vinay (service) (36 Points)
Replied 27 April 2009

Answer is simple Not required, only reason being he is not a member means, as good as not a CA, Code of ethics will be applicable to only memebrs of the institute.

Can anybody vett it ?

Upgrade to CAclubindia Pro. Subscribe Now!

Sandeep Keswani (Tax Consultant) (1064 Points)
Replied 27 April 2009

I think Vinay is right..........when a person is not a member there is no question of the Code of Conduct or the CA Act being applicable to him / her.

CA Manish K Dhoot (CA, B. Com, NCFM, CPCM) (5015 Points)
Replied 27 April 2009

yes, he is not required to communicate

Vrnanda (auditor) (110 Points)
Replied 28 April 2009

Yes as you all said, he is not subject to code of ethics of the institute as he is not a member.

Hence he is not required to communicate.

.A.M. (Learner) (115 Points)
Replied 28 April 2009

Only in case of Statutory Audit and Tax Audit the CA is required to communicated.

I am not aware of any AAS or Code or any requirement of Co. Act that says that even a CA as intenal auditor of Co is required to communicate.

Upgrade to CAclubindia Pro. Subscribe Now!

Kaustuv (Practicing CA) (1778 Points)
Replied 30 April 2009

No he is not required to communicate with the previous auditor although it may be advisable to do so

CA P KARTHIKA (Chartered Accountant) (715 Points)
Replied 30 April 2009

Hi Srinivasu,

As per Code of conduct issued by ICAI and provided that if the internal is only a member of ICAI can communicate to previous auditor mandatorily, but he need not communicate as it is not strictly applicable for him since he is a non-member... But as a matter of knowledge of applying internal control he can communicate to previous internal auditor.. He can take it optional for him... Hope you are clarified...