PEER REVIEW

Companies act provides enough provisions to sageguard the independence of Auditor like:

1. Appointment of Statutory Auditor by the shareholders in the AGM

2. He can not be removed before the expiry of his term without CG's approval.

3. He can qualify his audir report if he find any discrepency during his audit in the Co.

Best Regards 

Hai Meher,

the independence of the auditors are of several folds,

if you remember, an auditor cannot hold shares in the company under audit or its subsidiaries or holding companies, either by himself or through his relatives.

None of his relatives should be working in the company, if working he independence would be lost.

like wise if your go through the conditions for being appointed as an auditor, eligibility for being appointed as an auditors, rights and obligations of the auditors, you would be able to get the list.

if you could not find the same, i will provide you the required format, and it should be signed and submitted to the audit committe for each time auditor was appointed or reappointed and for each year.

Hi Vrnanda,

Thanks for ur help. I am also aware of the conditions , qualifications & other points mentioned by you.I would b really happy if u can email me the required format.

Thanks in Advance.

Regards,

Meher

Hi Meher,

Shall i send you tomorrow or the day after.

and by the what do you do.\

V R Nanda

Hi V R Nanda,

its ok if u can send me that format within a day or 2.

I am an articled assisstant & hv cleared my pcc in nov 08.wat abt u ?

Regards,

Meher

 i am a qualifed CA. Working.