Internal Audit

Querist : Anonymous (Querist) 14 February 2011 This query is : Resolved
Can a minority shareholder be the internal audotor of the company?

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Amit Minocha (Expert) 14 February 2011
yes he can be subject to his approval

Querist : Anonymous (Querist) 15 February 2011
Thank you very much but can i get any reference in the law to justify the same?

Advocate. Arunagiri (Expert) 15 February 2011
Shareholder and auditor are different personal status. The shareholder is one of the owner of the company. The auditor is one of the professional working for the company.

They are not interconnected and no illegality.

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