Section 138 — Internal audit
(1) Such class or classes of companies as may be prescribed shall be required
to appoint an internal auditor, who shall either be a chartered accountant or a cost accountant, or such
other professional as may be decided by the Board to conduct internal audit of the functions and activities
of the company.
(2) The Central Government may, by rules, prescribe the manner and the intervals in which the internal
audit shall be conducted and reported to the Board.
Related sections
- Section 128 — Books of account, etc., to be kept by company
- Section 129 — Financial statement
- Section 130 — Re-opening of accounts on court’s or Tribunal’s orders
- Section 131 — Voluntary revision of financial statements or Board’s report
- Section 132 — Constitution of National Financial Reporting Authority
- Section 133 — Central Government to prescribe accounting standards
- Section 134 — Financial statement, Board’s report, etc
- Section 135 — Corporate Social Responsibility
- Section 136 — Right of member to copies of audited financia l statement
- Section 137 — Copy of financial statement to be filed with Registrar