Appointment of - Whether statutory auditor of company can also be its internal auditor

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Full Text of the Document

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....nal auditor A question has been raised whether a statutory auditor of a company can also be its internal auditor, which has been carefully examined in this Department and its view is as follows : The internal auditor is appointed by the management and hence is in the position of an employee, whereas the statutory auditor is appointed by the company in accordance with the provisions of section 22....