Section 139(4) rule 6(3) explanation ii (b)
This query is : Resolved
MUKESH JOSHI
(Querist)
11 February 2015
In this para it is written as under " If a partner, who is in charge of an audit firm and also certifies the financial statements of the company, retires from the said firm and joins another firm of chartered accountants, such other firm shall also be ineligible to be appointed for a period of five years."
I want to know that if a person who is also a CA and audit the company but the Balance Sheet and other documents has been signed by another CA (Who is a Boss of that CA who has done the Audit) of that CA Firm, in that case if that CA who has done the Audit and after that he joined another CA Firm, so can we say that other CA Firm in which that CA has joined will not be ineligible to do the Audit of the Company, if Company wants to appoint that CA Firm as their Auditor.
I want to know that if a person who is also a CA and audit the company but the Balance Sheet and other documents has been signed by another CA (Who is a Boss of that CA who has done the Audit) of that CA Firm, in that case if that CA who has done the Audit and after that he joined another CA Firm, so can we say that other CA Firm in which that CA has joined will not be ineligible to do the Audit of the Company, if Company wants to appoint that CA Firm as their Auditor.
Amol S Joglekar
(Expert)
11 February 2015
the clause is applicable to the one who SIGNS the audit report.
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