Appointment of auditor

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

25 June 2015 In a Pvt Co., where rotation of auditors is not mandatory, the auditors were reappointed in AGM in September, 2014 for 1 year instead of 5 years. Can the auditors now be reappointed for 4 years in the AGM in sep, 2015 or is there any other recourse ?

Ankur Garg

Ankur Garg (Expert)
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26 June 2015 Ideally last year auditors should be appointed for a period of 5 years. But now it is too late to rectify the same. So I would suggest you to appoint CA firm for a period of 5 years.

You may also discuss this issue with your auditors.

Thanks