Noc time limit from previous auditor

Ajay Sharma (Article Assistant) (28 Points)

07 March 2013  

We have been appointed as a statutory auditor of a pvt ltd comapny. We have sent the NOC to the previous auditor in the month of October 2012. But we haven't received any reply from him till date. On verbal communication with him, he is of the opinion that had he any objection, he would have replied.

How much time at the maximum we should wait for his reply?

Is there any risk that can occour if we start the audit now?