If a company wish to change their Auditor, what is the procedure? How it will reflect on the company? as well as auditing firm? Is there any complications? Is there any intimations regarding change of auditor to concern RoCs, IT department & etc.
26 January 2009
Generally the auditor change will happen in AGM. Based on new appointment the auditor has to intimate ROC.
However there are chances that if the auditor resigns in the middle for any reason, then the company will conduct egm and at the egm the new auditor will be appointed. Then the new auditor have to intimate the same to roc.
As per the present income tax act and rules there is no necessity to inform the income tax department.
30 January 2009
Thanks for your reply Mr. Srinivasulu.B, CA
If the Auditor of the firm have some sick/some illness, and expired in the middle of the financial year. What steps to be taken? by the firm. Give some suggestions?
CAclubindia
