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Anirban De asked 3 weeks ago

Sir please share the complete list of restrictions on Internal and Statutory Auditor (besides clause 11; Part 1 First Schedule)
For example Internal Auditor cannot be appointed as Statutory Auditor, Income Tax Auditor under IT Act 1961, GST Auditor and ….
Similarly Statutory Auditor cannot be appointed as Internal Auditor, Income Tax Auditor under IT Act 1961, GST Auditor and ….

1 Answers
RaviRavi Staff answered 3 weeks ago

Internal auditor cannot be appointed as statutory auditor, tax auditor, gst auditor, cost auditor & book keeper of company. So internal auditor cannot do 5 things.
Statutory auditor cannot do 3 things but they can do other 2 things
Statutory auditor cannot become internal auditor,cost auditor & book keeper
Statutory auditor can become tax auditor, gst auditor
 
in short to remember, internal auditor cannot do anything, statutory auditors and tax auditors can be same.

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