Appointment of auditor

This query is : Resolved

Karishma Singh (Querist)
Follow

28 March 2016 Dear Exerts,
XYZ is a Partnership Firm Auditor of a Listed Company for a period more than 15 years, but due to provisions of Rotation of Auditors XYZ will not be eligible to to reappointed for 5 Years.

Mr. Z a non signing of XYZ Firm resigned and Joined a new CA Firm ABC and ABC appointed as Auditor of That listed Company.

My question is that whether ABC can be appointed as Auditor of that Listed Company whose earlier auditor was XYZ ?

Whether Mr. Z who resigned my XYZ can sign Audit report of that listed company on behalf of New CA Firm ABC?

CA Darshan

CA Darshan (Expert)
Follow

28 March 2016 Karishma,
Section 139 of Companies Act, 2013 is not specifically restrict for above case. And also there is no such clarification for the same from MCA. So in our view it is permissible and there is no such specific restriction in any other law.
Hence Mr. Z can sign the Audit Report.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

SHYAM SUNDER GULATI

Shubham Jain

Aakash Kumar

Tia Blair

yadagiri

Subscribe Now

Appointment of auditor

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Article Assistant

GST CONSULTANCY

Accountant

Manager- Finance and Compliance

CA Final

GST CONSULTANT