Hello Everyone,
The Auditor, who got COP from 31.08.2020 , is he allowed to do the Company audit for the F.Y. 2020-21 as a Statutory Auditor ??
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(3293 Points)
Replied 07 December 2021
Statutory audits must be completed by qualified Chartered Accountants who are independent of the Business. Further, the report prepared by the Auditor on his/her findings must be presented in the format prescribed by the Regulator. Statutory Audits can be mainly classified into two types, company audits and tax audits.
anil jain
(Partner)
(1067 Points)
Replied 07 December 2021
Normally no.
Criterion is that he should have COP on the date of meeting (AGM/EGM) in which his appointment as statutory auditor is approved.
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