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.
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
(Expert)
03 October 2011
One Chartered Accountant can do both Audits, there is no need to appoint different Auditors
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.
THERE IS NO RESTRICTION ON THAT.
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