Rotation of statutory auditor-Compnies bill 2011

CA. Rajesh P. Ahir (In Service @ PSU) (687 Points)

01 June 2012  

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 .


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?