Dear all,
As per Section 139 of The Companies Act 2013:
1. An individual auditor shall not be appointed by a company for more than one term of five consecutive years.
2. An Audit firm shall not be appointed by a company for more than two terms of five consecutive years.
Can the same partner on behalf of audit firm sign the financial statements of a company for two terms of five consecutive years or another partner is required to sign after one term of five years...??
CAclubindia
