material, spares, work in process
and finished goods determined by internal auditors. Ld. CIT (A) failed to appreciate
ITA Nos.722,218&1306
applicant would contend that the present applicant was the
internal auditor of the company in question where the alleged
fraud had been committed and whereas ... said
submission notwithstanding the fact that the present
applicant as internal auditor, was not required to detect the
fraud, more particularly, the learned senior advocate
assessee. With all these incriminating
materials, Sri Janardhan.V, Internal Auditor and Finance Manager
of the assessee company were confronted and his statements was
recorded ... Please identify yourself.
Ans. I am Sri. Janardhan.V, Internal Auditor and Finance Manager of SPR
Group Holdings, S/o.Shri.Late Varadaraja Iyengar
same has to be looked into by special auditors and
internal auditors while performing their job role).
(v) Provide the extant guidelines which permit ... same has to be looked into by special auditors and internal
auditors while performing their job role).
Page 2 of 12
(vi) Provide the extant
appointed the respondent No.3 Rajesh Gurbani
Chartered Accountant as the Internal Auditor of the company
pursuant to the provisions of Section ... Board meeting dated 29.12.2015 had appointed RKG
& Associates as Internal Auditor of the company. Counsel for the
petitioner has submitted that RKG stands
working as
'Additional In-charge of the Regional Internal Auditor. So
it is his duty to audit and verify all the stock registers ... these petitions have been filed by A2, who was
working as Internal Auditor in TANFED during the relevant
time.
6.Heard both sides.
7.These
though he has not worked on the higher post
of Internal Auditor. The petitioner admittedly has been
granted the benefits from the date he actually ... next promotion also and
persons junior to him were promoted as Internal
Auditors on 21.7.1995. The respondents in their written
statement have stated that
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
company
and its books of account were duly audited by statutory auditors, internal auditors,
tax auditors and the financial results are published to investors ... company and its books of account were duly audited by
statutory auditors, internal auditors, tax auditors and the financial results are
published to investors
August 2013 and the
report in this regard by the internal auditor had been submitted on
12.10.2013. The report of the internal auditor has also ... case in
which the excess stock had been found by the internal auditor. It is
I.T.A. No.5058, 5059, 5060, 5061 & 6637
