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Q. > Please Help: Internal Auditor
Dear Members,
If any firm has appointed as internal auditor of parent company,then the same firm shall be able to appoint as statutory audit of any its subsidiary company..??
Please give me answer with reference with code of ethics....
Thankig you
Aagman
9029359886
answered Mar 22, 2012 by CA Satuti Mahajan , batala
Yes, eligible for both.
answered Mar 22, 2012 by Rishabh Upadhyay , Chandigarh
Yes. . A ca firm can be an internal auditor in one company and statutory auditor in any of its parent or subsidiary company. No case law at hand and have seen it in practical situation
answered May 23, 2012 by CA. SURESH Kr. AGARWAL , Delhi
Yes the firm is eligible for both audit.
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