Can a Chartered Accountant be the Auditor and Liquidator of the Same company at the same time.
CA Gaurav Goyal (CA) (86 Points)
11 July 2009Can a Chartered Accountant be the Auditor and Liquidator of the Same company at the same time.
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 11 July 2009
No.
Keeping in view the provisions of Independence of Statutory Auditor the same would not be possible.
Regards
Aditya Maheshwari
(CA in Practice)
(35867 Points)
Replied 12 July 2009
No the auditor of the company cannot be the liquidator of the company due to indepence problem.
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