Dear all,
What is the correct sequnce of letters in case of Appointment of Auditors
A
1. Co. send proposal for appointment of Auditors
2. Auditors send Eligibility Letter
3. Co. appoint auditors in AGM and send intimation of Appointment of Auditors along with AGM Resolution
4. Auditors send Consent for their appointment.
OR
B
1.Co. send proposal for appointment of Auditors
2. Auditors send Eligibility Letter and Consent Letter
3. Co. appoint auditors in AGM and send intimation of Appointment of Auditors along with AGM Resolution.
Further , We have appointed a new auditor firm for the period of next 5 years subject to shareholders ratification each year and
Auditors in their consent mentioned the period of appointment as 1 year , do we need to ask them to replace the letter with accepting appointment for 5 years period in stead of 1 year .
Regards,
CAclubindia
