can an internal auditor be appointed as statutory auditor in the same year ?
please give reference to any provisions.
A practicing CA cannot be appointed at the same time as an auditor under any Act including Income Tax Act and also as an internal auditor. Internal auditor is appointed by the management and the scope of audit is decided by the management. In internal auditing, reporting has to be done to the management. A statutory auditor is an independent auditor who reports to the statutory authorities constituted under the relevant statute and also to the investors.
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