Internal audit requirement mandates appointment of qualified internal auditors and permits rules on conduct and reporting. An internal audit mandate requires prescribed classes of companies to appoint an internal auditor (a chartered accountant, cost accountant, or other Board-approved professional) to audit company functions and activities; the Central Government may, by rules, prescribe the manner, intervals for conducting the internal audit and the procedure for reporting findings to the Board.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Internal audit requirement mandates appointment of qualified internal auditors and permits rules on conduct and reporting.
An internal audit mandate requires prescribed classes of companies to appoint an internal auditor (a chartered accountant, cost accountant, or other Board-approved professional) to audit company functions and activities; the Central Government may, by rules, prescribe the manner, intervals for conducting the internal audit and the procedure for reporting findings to the Board.
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