Noc from previous auditor in case of tax audit
This query is : Resolved
CA. Anirban Mukherjee
(Querist)
07 November 2012
is it compulsory to obtain NOC from previous Auditor in case of Tax Audit of a sole proprietorship business?
07 November 2012
Yes. ICIAI Council has laid down guidelines in this regard. Please see pages 166 - 168 in code of Ethics, 2009 edition.
20 November 2012
The expert is correct. Do not accept any audit before for obtaining the No objection Certificate from the previous auditor otherwise you may be liable for professional misconduct and if proved you might loose your Certificate of Practice.
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