ABC audit firm audited the financial statements of listed company Sharma's Ltd. The audit firm completed the 10 consecutive years.The partner C of ABC firm left his partnership and joined in XYZ firm as partner.
Is XYZ firm is eligible to audit the Sharma's ltd.?
.. What happens if C joined as partner in XYZ during the middle of audit of Sharma's Ltd?
Menu
Rotation of auditor sec 139(2)
Replies (3)
Quick Summary
Yes XYZ is eligible for Audit of Sharma
No, rotation of auditor applies to all partners also
Can u please elaborate
Recent Topics :
- TDS return filing
- Need formats of FS as per Co act 2013 in soft copy
- Remittance to italy
- Invoice made but goods not sent
- How Do CA Firms Manage Client Document Collection
- How do CA firms manage pending client documents du
- How to find a good CA
- Rcm on rent paid
- Clarify on GST Application
- Residential status for overseas students visitin
Related Topics :
CAclubindia
