Auditor query
This query is : Resolved
20 December 2014
sir i have a question regarding audit
why auditor can't appointed after tenure of consequent of 5 years period,there's any hidden concept.plz clarify.
23 December 2014
The government expects to end cosy relationships that companies shared with their auditors and bring more objectivity to the audit process and reduce instances of accounting frauds. Essentially, it hopes to prevent another Satyam-like fraud, where promoters siphoned out large sums of money from the company as their auditors looked the other way.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CLOSING STOCK QUERY
- Gst on travel by air for business purposes
- ITR-Capital Gain
- Taxation on Old jewellery sold
- Reporting in TDS return
- ITR 44AD SECTION
- Applicability of Books of Account for Commission Income (Sections 194D & 194H)
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- Residential status of non resident
- GST ISD Query on various AMCs
- TDS refund Indemnity Bond
- ITC BENEFIT ON BROKRAGE PAID
- PF wage ceiling
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
