Auditor

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suneha (Querist)

15 March 2013 A Company retire its auditor in 29 Sept 2012 and appoint new auditor in his place to account audit for the financial year 2011-2012 as well as 2012-13. Now the accounts has been audited by the new auditor for 11-12. Now my query is 23B for 11-12 will get filled or not?
If yes then whose auditor name is being mentioned i.e. old auditor or new auditor and if no then the reason for that?

Whether 23B filled or not?

Ajay Mishra

Ajay Mishra (Expert)

15 March 2013 Hi

As you says that your auditor is resign on 29.09.2012, so can he will sign your Balance sheet fr the FY, 2011-12, because the period for which he has been appointed for signing of balance sheet is expired.

I think you have adopted and signed your Balance sheet before 29.09.2012.

I will suggest you to appoint a new auditor in AGM for the FY 2012-13 and file Form-23b for 2012-13.

In balance sheet you will mentioned old auditor name,if balance sheet is adopted by the Board before that period.

Ajay Mishra

Ajay Mishra (Expert)

15 March 2013 Procedure to Appoint of Auditor and file Form 23B (Appointment of Auditor)

1. The Company will call a Board Meeting after resignation of auditor to accept resignation of old auditor, fill a casual vacancy by new auditor and call a Annual general meeting/EGM.
2.The company will appoint new statutory auditor at general meeting
3.Send letter of appointment to auditor within seven days from the appointment.
4. The auditor give letter of acceptance as auditor to the company and send a copy of the same to the old auditor of his appointment.
5. The auditor also intimate ROC in Form 23B within 30 days from the date of acceptance of letter of appointment.
6. Form 23B can be download from www.mca.gov.in
7. Letter of appointment will be attached with Form 23b.
8. The SRN no will be generated with fee.

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