Appointment of Cost Auditor as an Internal Auditor of a Company.

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....January, 1983 Subject: Appointment of Cost Auditor as an Internal Auditor of a Company. As you are aware, the Department of Company Affairs issued a Circular No. 1/1/1976/CL-V dated 27.8.1976 clarifying therein that a Statutory Auditor of a company cannot be its Internal Auditor. A copy of the said circular is enclosed for ready reference. 2. Similarly, a question has now been raised whether a ....