I wish to ask about the protection to a Chartered Accountant who is working as an Internal Auditor in some company.
Being the employee of that company, he is bound by all rules & regulations of the company. Further, there could be some restriction on the Role of CA as an Internal Auditor in the company. Sometimes, it may happen that company may overlook the recommendations / suggestions given by the internal auditor; just as to implement the company's policies. Further the Management may restrict the internal audit department to express any different views. This may hamper his independence and lesson protection available to him in case of any misfortune. (for ex. in recent case of Satyam, the role of internal auditor is also suspected by other people)
Then How can a CA who is an Internal Auditor, protect himself under all other laws while working for a particular company?
Views of all members are welcomed.
CAclubindia
