Resignation by an Statutory Auditor

Does resignation by an auditor before the term of 5/10 year (Provision of Rotation applicable to such auditor) be treated that he has completed his term?
Replies (1)
If an auditor resigns from their position before completing the full term, it does not mean they have completed their term. The rotation requirement is based on consecutive years of service. Resignation before the completion of the specified term would mean that the auditor has not completed the full term and is still eligible for reappointment in the future if the applicable cooling-off period (if any) is observed.The resignation does not exempt the company from the mandatory rotation requirements if the auditor has not served the required number of consecutive years as stipulated by the relevant laws or regulations.
so provision of rotation will be applicable and it will not be treated as he completed his term

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
29 August 2026
Chartered Accountant

Velionit Consulting PVT LTd

Mumbai

CA

View Details
Company
ARTICLESHIP 25 August 2026
CA Article's

Saini Pati Shah & Co LLP

Mumbai

CA Inter

View Details
Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details
Company
17 September 2026
Chartered Accountant

Dass Gupta & Associates

Gurgaon

CA

View Details
Company
ARTICLESHIP 15 September 2026
Freelance Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
24 August 2026
Semi-Qualified CA/CA Finalist - Tax, GST, Audit & Accounts

Bharat Shah & Associates

Mumbai

CA Inter

View Details
Company
08 September 2026
Semi-Qualified Assitant

Subrahmanyam & Sivudu CA Firm

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 29 August 2026
Article Assistant

RRPM & ASSOCIATES LLP

Chennai

CA Inter

View Details