No objection letter from previous auditor
This query is : Resolved
BHASKAR AUDDY
(Querist)
29 September 2011
X & CO, a firm of chartered accountants has done the tax audit for the year 31.3.2010 for a public limited company. Though there is no formal appointment letter from the company. For the year ended 31.3.2011 there was also no formal appointment letter from the company to carry out the tax audit. Now X & Co., has receieved a letter from a firm of chartered accountant asking for No Objection from X & CO., to carry out the tax audit for the year ended 31.3.2011.
Is it justified for X & Co., to issue such NOC to the present Tax auditor appointed for the year ended 31.3.2011, where there is no formal appointment letter from the public limited company.
X & CO, a firm of chartered accountants has done the tax audit for the year 31.3.2010 for a public limited company. Though there is no formal appointment letter from the company. For the year ended 31.3.2011 there was also no formal appointment letter from the company to carry out the tax audit. Now X & Co., has receieved a letter from a firm of chartered accountant asking for No Objection from X & CO., to carry out the tax audit for the year ended 31.3.2011.
Is it justified for X & Co., to issue such NOC to the present Tax auditor appointed for the year ended 31.3.2011, where there is no formal appointment letter from the public limited company.
29 September 2011
Well.. if possible provide NOC. because its the fault of X & Co. and the new firm is following the right procudure.
Ask for the back dated appointment letter and solve the issue.
Ask for the back dated appointment letter and solve the issue.
CA. Nitin Agrawal
(Expert)
30 September 2011
Wish to invite attention that Auditor of a company need to inform ROC about his appointment as auditor within 30 days of receipt of appointment letter from company with an attachment of appointment letter from company.
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