internal auditor as statutory auditor
This query is : Open
06 April 2017
Can an internal after resigning act as a statutory auditor...for exmpl ABC did internal audit for FY 2014-15 and appointed as statutory auditor for FY 2015-16...is it possible...
Nothing such mentioned in sec 141...
does condition of cooling period of 5 years need to ne applied on it...?
07 April 2017
itf auditor is to be appointed as the statutory auditor in fy 15-16 then he must fulfill qualifications of Sec 141, and as per Sec 141 it not disqualifies on basis that person so as to be appointed as statutory auditor was an internal auditor in FY 14-15.
so you can appoint ABC as Statutory auditor in FY 15-16 even though he is an Internal Auditor in FY 14-15.
so you can appoint ABC as Statutory auditor in FY 15-16 even though he is an Internal Auditor in FY 14-15.
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
- Is Aadhar PAN linking required for opening bank account?
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Where to show the RCM on Rent paid to unregistered landlord
- Applicability
- Gst Sales of FY 2023-24
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- RCM - commercial rent paid to URP under GST
- Whether still royalty
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Offsetting interest income against derivative trading losses
- Passed group 2 exams under wrong gender
- REQUIREMENT OF 15CB
- QUERY FOR RCM ON RENT
- APPEAL-CIT
- Payable outstanding for years disallowance
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
