Internal audit requirement mandates prescribed companies to appoint qualified internal auditors and follow government-prescribed audit intervals. Prescribed classes of companies must appoint an internal auditor-either a chartered accountant, a cost accountant, or another professional chosen by the ... Summary
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Internal audit requirement mandates prescribed companies to appoint qualified internal auditors and follow government-prescribed audit intervals.
Prescribed classes of companies must appoint an internal auditor-either a chartered accountant, a cost accountant, or another professional chosen by the Board-to conduct internal audits of company functions and activities; the Central Government may, by rules, prescribe the manner and intervals for conducting and reporting such internal audits to the Board.
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