04 September 2013
I am asking this query on behalf of my Friend "We are an Audit Firm. We got a new client wherein they've asked us to represent the Assessment which is in the middle of the Finalization.
Whether we should get NOC (No Objection Certificate) from Old Auditor."
04 September 2013
As per my understanding if your firm has been appointed as statutory auditor due to the resignation of previous auditor, you would be required to collect NOC from the previous auditor as per ICAI rules. In any other case NOC is not required. Still request you to wait for other opinion.
CAclubindia
