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Question ID : 40732

internal audit of the Company

We have retired from A Company in the Financial Year 2019-20, Now in full time practice. Can our firm be an Internal Auditor of that Company for the Financial Year 2020-21.

Posted by BHOLI JHA on Jul 23, 2020

Filed Under AUDIT

Answer ID : 81140

Yes. There is no restriction as such in the Companies Act,2013 or in the code of ethics of ICAI. Further, since you are not doing audit of the affairs conducted / executed by you during the financial FY 2019-20. So go ahead. All the best.

Posted by CA. JHA SHANKAR KUMAR on May 30, 2021