13 July 2012
the company appointed the auditor of the company as "XYZ & CO, Chartered Accountants" in the duly held AGM on 30/09/2011. At that date the auditor firm was a sole proprietorship firm.
But w.e.f 01/04/2012 the auditor firm, "XYZ & CO" has become a partnership firm.
Can the new partner who joined the firm from 01/04/2012, sign the auditor report & balance sheet of the company on 01/07/2012.
Or else what is the procedure, Whether it is a case of casual vacancy? Whether the company has to appoint the partnership firm again as auditors? if yes how??
We never appointed any individual auditor as Statutory Auditors of the Company. We appointed M/s XYZ & Co. and on behalf of XYZ & Co. its partner can sign the balance sheet of the Company.
It is the matter of CA firm and the CA Institute to change the status.
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