Question

Internal auditor is appointed by ________.

• A. The management
• B. The shareholders
• C. The government
• D. The statutory auditor

Answer 1

Answer: (A)

The management

Internal Auditor is appointed by the management and the remuneration is also fixed by the management. Hence internal auditor's removal also will be done by the management.

Statutory Auditors are appointed by the Board in consultation with shareholders and removal also can be done by the shareholders in general meeting.