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Disqualification of auditor

Tara Khandelwal (Student CA Final ) (280 Points)

09 February 2019  
A pvt company named X supplies goods to a pvt company named Y Mr.B is a director in the company Y Mr.B is also the statutory auditor of company X Can Mr.B is disqualified from acting as the auditor of Company X

 1 Replies

Sahil Jain (FAFD, DISA, CA) (Practicing Chartered Accountant )   (2461 Points)
Replied 09 February 2019

To best of my knowledge, auditor will be disqualified as per Sec 141 (3) (e) "..... a person or firm, having directly or indirectly, business relationship with the company.."

Also refer Rule 10 of Companies (Audit and Auditors) Rules

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