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Can a company have more than one charted accountants

JD ( Business) (352 Points)

18 December 2014

Can a company have more than one charted accountants ? By default a CA is appointed by the board . But if the present CA is not responsive on some occasions , Can we have another CA just to clear our queries ?

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3 Replies

P C Agrawal (Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad) (8229 Points)
Replied 19 December 2014

A company may appoint as many CAs as it likes. Board resolution is required only if he is appointed as a CFO/director etc.

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JD ( Business) (352 Points)
Replied 19 December 2014

@ PC .Agrawal,

Sir, Thanks for the reply. But only one CA can be appointed as the auditor right?

For example : As per your reply , we appoint 3 CA's as per our ease. How bout we go with the yearly auditing ?

can we appoint one particular person for Auditing & the other 2 for managing subsequent queries?.

Thanks in advance .

CS MOHIT SALUJA (PRACTICING CS Jalandhar 9914558709) (5155 Points)
Replied 10 January 2015

There will be only one Statutory auditor in a company a time and the company if want to appoint the another will have to take NOC from the existing one.

However, as per your requirements, company can have more than one CA , one may be internal auditor, another may be consultant for income tax and so on.

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