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Company audit

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(Querist)
21 August 2011 In ceiling of audit its mentioned that if the partner is a full time employee else where he doesnt get any audits to do.But if he is an employee else where wont he fall under the disqualifications u/s 226 ?and the firm wil get disqualified as an auditor?please advice
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CA Sumat Singhal

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CA Sumat Singhal (Expert)
21 August 2011 Dear ankita under sec 224(1B) of act in sixth lines it is mentioned that no company or BOD shall appoint any person [who is full time employment elsewhere] so this is applicable if company is appointing individual as its auditor not firm.
Regards
Suumat Singhal
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ankita

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ankita (Querist)
21 August 2011 okay so even if he is an individual and working as a full time employee wont he fall under the disqualification u/s 226?
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