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.