alleryStart learning →Section 138 applies to:
AOnly government companies
BAll companies equally
CPrescribed classes of companies
DOnly listed companies
Answer & Solution
Correct answer: C. Prescribed classes of companies
Only the classes prescribed by rules, not all companies, must appoint an internal auditor.
Keep practising Internal Audit
Browse all Internal Audit questions for CA Final, or explore more Auditing topics.
Related questions
The second line is separate from delivery but is:Management owns internal control; internal auditors:Strategic planning for internal audit may use which framework?Internal audit's role in enterprise risk management is typically:The Sarbanes-Oxley Act, which raised the profession's profile, dates from:Internal audit scope can include proactive audits to identify:Internal audit is often used as what for future managers?Sawyer urged auditors to focus on which type of auditing?