06 May 2010
A chartered accountant indebted to a company say in may Rs 2500 , then he repays the sum in september 5 th and gets appointed as auditor in 10 th september as stat auditor for YE 31.3.09 The fact that period of audit is from 1.4.08-31.3.09 and is indebted during the FY counts for disqualification Also Term of auditor is from one AGM to the next . But audit is not conducted only from date of appointment or does it end after Fy .
Pl clarify whether auditor is disqualified also tell me whether an auditor can be appoined retrospectively for the year begining
CAclubindia
