A housing society wants to get the accounts audited under mcs act 1960 for the year 2012-13
1. The society had appointed an auditor in the agm held in the month of august 2012, who subsequently is not willing to continue. Therefore the society has approached another auditor for audit.
What are the formalities required to be done by the outgoing auditor and also by the new one and also by the society
2. Further, whether the appointment needs to be done before march 31st 2013 or it can be done in april onwards.
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