Failure to obtain NOC
This query is : Resolved
19 March 2011
What should be done when a new auditor (before his appointment) sends a letter to previous auditor to obtain NOC from him, but he does not give any reply? Can he accept audit without NOC? Is there any time limit for giving reply about NOC, in case of previous auditor?
19 March 2011
ICAI says as follows:-
It is desirable that a member, on receiving the communication from the
auditor who has been appointed in his place, should send a reply to him as
soon as possible setting out in detail the reasons, which according to him had
given rise to the change and other attendant circumstances but without
disclosing any information as regards the affairs of the client. The code of
Ethics is to be followed in letter and spirit by the auditor in this regard.
It is desirable that a member, on receiving the communication from the
auditor who has been appointed in his place, should send a reply to him as
soon as possible setting out in detail the reasons, which according to him had
given rise to the change and other attendant circumstances but without
disclosing any information as regards the affairs of the client. The code of
Ethics is to be followed in letter and spirit by the auditor in this regard.
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
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- ADVANCE PAYMENT OF ADVOCATE
- DIN reactivation
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- TDS Return Q1 FY 2026-27
- GST rate and HSN code for sale of racing horses
- CREDIT NOTES WITHOUT GST
- Eway bill generation from place other than registeted
- UNWANTED CREDIT BALANCE OF GST AS PER BOOKS
- Condonation . E-Verification of last year return .
- Depreciation of fixed assets- coop housing society in mumbai
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
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
