Disqualification of auditor
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 January 2013
Dear All:
As per Section 226 A firm would also be disqualified to be appointed as an auditor even if one partner is disqualified under this clause.
For Example:
ABC Ltd wants to appoint an auditor.
XYZ a partnership firm.
Having X,Y & Z as partner and Partner X has been disqualified for appointment as an auditor under Section 226 and thus firm is also disqualified as he is not eligible.
Now my Question if one of the partner say Y (Partner out of XYZ ltd) is also partner with another firm say YM Ltd (firm of CA), where Y & M are partners, can they be appointed as auditors of ABC Ltd.
As per Section 226 A firm would also be disqualified to be appointed as an auditor even if one partner is disqualified under this clause.
For Example:
ABC Ltd wants to appoint an auditor.
XYZ a partnership firm.
Having X,Y & Z as partner and Partner X has been disqualified for appointment as an auditor under Section 226 and thus firm is also disqualified as he is not eligible.
Now my Question if one of the partner say Y (Partner out of XYZ ltd) is also partner with another firm say YM Ltd (firm of CA), where Y & M are partners, can they be appointed as auditors of ABC Ltd.
02 January 2013
I don't think there is a provision regarding this. As per my understanding the firm YM ltd should not be disqualified as auditors.
Message likes :
2 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Tax on capital gains revoked us 54f
- HSN Details in IFF/GSTR-1 & in GSTR 9
- Inventory of finished goods
- Refund of AY 22-23
- Disallowance of Section 43B(h) to sez units
- Filing of Form 10BB instead of Filing Form 10B
- Applicability of Ind As to associate of associate
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Ineligible ITC claimed
- TDS Deduction Online Learing Platform
- Point (III) 9 of GSTR-9C
- As per our records, find the below outstanding demand(s)* and interest payable u/s 220(2):
- Regarding transaction th. credit card
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
