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?
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Rotation of auditor sec 139(2)
Replies (3)
Yes XYZ is eligible for Audit of Sharma
No, rotation of auditor applies to all partners also
Can u please elaborate
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