Can a auditor during his cooling period can give stock verification services to that company in which his cooling period is going on ????
If Yes, please provide sec. under which he can do so.
Whether he can be disqualified for reappointment if he do such stock verification services during his cooling period???
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COOLING PERIOD
Replies (1)
An auditor is prohibited from providing certain non-audit services during their term and cooling-off period under Section 144 of the Companies Act, 2013. Engaging in stock verification—often considered a management function—can jeopardize the auditor's independence, potentially disqualifying them from reappointment and creating a conflict of interest.
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