Audit by two chartered accountants

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

03 October 2011 Dear Experts,

A private limited company has a turnover of Rs.100 lacs.My query is

a) Can a company appoint one Chartered accountant for their audit under company act and another chartered accountant for tax audit under income tax act.
b) or only one chartered accountant can do both audits.

Kindly suggest me.

CS GURVINDER SINGH

CS GURVINDER SINGH (Expert)
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03 October 2011 One Chartered Accountant can do both Audits, there is no need to appoint different Auditors

CA PRAVIN

CA PRAVIN (Expert)
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04 October 2011 ONE CHARTERED ACCOUNTANT CAN DO BOTH AUDITS. IF MANAGEMENT WANTS, IT MAY APPOINT TWO CHARTERED ACCOUNTANTS.

THERE IS NO RESTRICTION ON THAT.