Previous auditor has not done two year audit and now company wants to remove , as a new auditor what is the safest procedure to accept this assignment?
Thanks in advance
Previous auditor has not done two year audit and now company wants to remove , as a new auditor what is the safest procedure to accept this assignment?
Thanks in advance
Hi,
Whether the previous auditor is appointed by company AGM , if yes in that case the company will not able to remove him without the permission of the Central Govt. (i.e. Regional Director). Also conform that whether last two year AGM was held or not. It is advisalble for the company to settle the matter with the previous auditor and satisfy his grevience and if possible take his resignation after settling his greverences.
new auditor has also to communicate with existing auditor .......otherwise it would b violation of prof ethics under clause 8 of part 1 schedule 1
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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CAclubindia
