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 ??
2 Replies
Rama chary Rachakonda
(Master in Accounts & high court Advocate email ID:ramachary64@gmail.com voice no:9989324294)
(7726 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)
(1072 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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