What is the meaning of pre-occupation?

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Pre-occupation means being already engaged or busy with other professional commitments, leaving insufficient time to take up or continue a new assignment. In audit context, it indicates the auditor is unable to accept reappointment due to existing workload or prior engagements.

Sanjay

Sanjay (Querist)
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07 September 2012 Respected Members', I had gone through an audit report of A listed Limited company, there stated that their auditor conveyed their inability to seek reappointment as statutory auditors of the company due to pre-occupation. I want to what is the meaning of pre-occupation? Please suggest

Aditya Maheshwari

Aditya Maheshwari (Expert)
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07 September 2012 Means the auditor is busy with other assignements and hence cannot give the due time to this assignment of audit and hence busy with pre - occupation.

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