Appointment of auditor for cosolidated financial statement

Amit (.) (104 Points)

23 May 2015  

Dear All,

 

Can a parent company appoint another auditor for its consolidated financial statement even though it’s has a separate statutory auditor for financial statement? (Such statutory auditor has been appointed only for parent company not for its subsidiaries company)

Please let me know, is it feasible for the parent company to appoint a separate auditor under companies act, 2013 only for its consolidated financial statement.

Thanks in advance.

 

Warm regards

Amit Ghosh