Appointment of auditors

Stat Audit 424 views 1 replies

Practicing

151 Points Joined May 2013

Dear sir,

Please Explain how many years an audit firm can audit a private limited company?

example:x &co is an audit firm and Ypvt ltd is a compnay then how many years x&co carry statuary audit of Y pvt ltd?

NOTE: Y pvt ltd having a ner turnover of rs.18 Crores.share capital rs.3 Crores

thanks in advance

Replies (1)

Keen to learn something new every moment

2588 Points Joined June 2010

No criteria for how many year ...but from one appointmnet he can do for 3 year max..after fresh reappointment is reuqired.

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