debarred for one year from being appointed as an Auditor or Internal
Auditor or from undertaking any Audit in respect of Financial Statements or
Internal ... debarred
for one year from being appointed as an Auditor or Internal Auditor or from
undertaking any Audit in respect of Financial Statements or Internal
elicited.
17. PW.3 - Dayanand A. Shenoy who is also the Internal
Auditor of the complainant Bank, has deposed about
conducting of auditing ... verification were the irregularities
which were found by the previous Internal Auditor and
outstanding of these two accounts were not closed i.e. Account
right to appoint the Project Management Consultant
as well as an internal auditor. Various clauses of DTD clearly provided that
amount disbursed was in relation
right to appoint the Project Management Consultant
as well as an internal auditor. Various clauses of DTD clearly provided that
amount disbursed was in relation
Company's accounts are audited both by Statutory Auditors and Internal
Auditors. Due to the reasons narrated above the same are not readily ... Company's accounts are audited both by Statutory
Auditors and Internal Auditors. Due to the reasons narrated above the
same are not readily available
register as the same might not come to the notice of Internal Auditors.
PW1 has further stated that he also did not make any entry ... register as the same might not
come to the notice of Internal Auditors. PW1 has further deposed that
he did not make any entry
Gupta (PNB Punjabi Bagh Branch)
PW22 Govind Swaroop Bhatt (Chief Internal Auditor)
PW26 Kirpal Singh Buddhraja
PW29 Pyare Lal (PNB Mall Road Branch)
(iii) Private ... Bhatt had investigated the matter as he was
posted as Chief Internal Auditor during the relevant time and even he
admitted in his cross-examination
matter of record.
2.6. In meeting dated 5.12.2014, the accounts and internal auditors'
report were discussed but the meeting was to be adjourned ... therein that had stayed the
proposed AGM.
2.7. On 9.12.2014, the internal auditors of DDCA attended the meeting
and clarified that their report was observations
filing written complaint dt.
06.12.91 was the internal audit report dt. 02.04.91 by the internal auditor of complaint
company during which alleged misappropriations of funds ... while internal audit was conducted at Delhi branch office of
FIR No. 356/92 Page No. 24/40
25
company by internal auditor
cheque
(Ex.PW1/B) on record.
(C) That the Internal Auditor Report dated 11.04.2011 of the plaintiff
(Mark D) can not be looked into ... evident that the PW1 is relying on the
Internal Auditor Report dated 11.04.201, Mark D. It was argued on behalf of
the defendant
