Disqualification of auditor

This query is : Resolved 

17 June 2013 If a partner is disqualified u/s 226 being indebted to the company for an amount exceeding Rs.1,000/-, whether firm can still be qualified as Statutory auditor of the Company? Can any other partner of the firm can do the audit?

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Guest (Expert)
24 June 2013 24.06.2013

Dear Sir,

No, the audit firm is disqualified from conducting the statutory audit of the Company.

Regards,


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