First audit

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

07 June 2013 SIR
I am an new practising CA as i had received one audit which is previously audited by other CA.

what is the procedure to be informed to previous CA, and is there any letter format if yes than please give me.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)

07 June 2013 Communication seeking no objection from the previous auditor is mandatory as per professional ethics prescribed by the ICAI.
Format is given below.

(In the letter head of New Auditor)

07th June, 2013
To
AB & Co
Chartered Accountants
1D,Club apartments
M.G.Road
Bangalore-560001

Dear Sirs,

Sub : No Objection Certificate

This is to inform you that we have been appointed as the Statutory Auditor's of XUZ Limited ,Company Towers , CLB Road, Bangalore- 560035 for the financial year 2013-14 at the Annual General Meeting of the members of the Company held on June 03,2013.

We have been informed that you were the Statutory Auditor of the Company for the immediately preceding financial year.

Accordingly, this is to seek your no objection in writing in our favour so as to enable us to accept the said appointment as Statutory Auditor's of the Company for the financial year 2013-14.

In case if we do not hear from you within 15 days from the date of this letter then we shall presume that you do not have any objection to our acceptance of the appointment as statutory auditor's of the said Company.

Thanking you.

Yours faithfully,
For..........
Chartered Accountants
Firm Regn No.......

(Anonymous)
Partner
Mem.No......

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