Sec 138 - companies act, 2013- compulsory internal audit

1. Introduction  and Old Vs New - Section 138 of the Companies Act deals with Internal Audit of Companies.  This section states that certain classes of Companies shall be required to appoint an internal auditor who shall either be a Chartered Accountant, Cost Accountant orsuch other professional (#) as may be decided by the Board to conduct internal audit of the functions and activities of the Company.  - This is a new...

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