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Internal Auditor -As per section 138 of the Companies Act, 2013 such class of companies are required to appoint internal auditor who shall either be a chartered accountant (CA) or a cost accountant (CMA) or such other professional as may be decided by the board to conduct internal audit. As per rule 13 Explanation the internal auditor may or may not be an employee of the company. Please clarify following – 1) such other professional as may be decided by the board means an employee of the company M.com or LLB qualified may be the internal auditor. 2) An employee of the company CA Inter OR CMA Inter OR CS Inter may be the internal auditor. 3) An employee of the company CA, CMA or CS may be the internal auditor.

Auditors

Posted By: Sunil kumar agrawal 9 year(s) ago

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Expert Ankit Singhi

Professional (with such qualification) as may be decided by the Board who may or may not be the employee of the company to conduct internal audit of the functions and activities of the company.

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