Answer the following by explaining the provisions of the Companies Act, 2013 relating to 'internal audit': (ii) Who may be appointed as an internal auditor? Whether a Practising Company Secretary (PCS) can be appointed a
CS Executive · Company Law · PYQS · June 2015
Answer the following by explaining the provisions of the Companies Act, 2013 relating to 'internal audit': (ii) Who may be appointed as an internal auditor? Whether a Practising Company Secretary (PCS) can be appointed as an internal auditor ?
Answer & Explanation:
(ii) The company's Board is free to appoint any practicing chartered accountant or cost accountant or any other professional to whom it deems fit to be appointed as an internal auditor. Accordingly, where the Board decides a Practising Company Secretary may be appointed as an internal auditor.
Topics: Accounts of Companies
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