As per the COMPANIES BILL 2011 ( which is in Parliament)
Statutory Auditor will be Appointed For 5 Year and a Auditor can be re-appointed for forther period of 5 Years (Total 10 ), After which the Audit has to be Changed .
and
Members of the company can decide how many other Audit (Audit of other Companies) THE AUDITOR can do
Does it increases or decreases the INDEPENDANCE of Auditor?
CAclubindia
