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disqualification of auditor

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(Querist)
27 March 2008 If ABC is a partnership firm, analyse whether disqualification provisions are attracted if
A is indebted for amount of Rs 400
B is indebted for amount of Rs 300
C is indebted for amount of Rs 500?

thank you
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Jitender Garg

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Jitender Garg (Expert)
28 March 2008 no, Firm whose all or any of partner is indebted to company for sum of 1000 can not audit
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shanti prakash

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shanti prakash (Expert)
28 March 2008 a firm is not disqualified as auditors of the company as d prov r nt attracted of the companies act
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