If an audit firm which is appointed as a statutory auditor of a company merges with the other firm whether such a case is covered under 'casual vacancy' of the auditor? should the company reappoint the new (merged) firm as the auditors in place of the previous one?
7 Replies
Amir
(Learner)
(4016 Points)
Replied 04 January 2010
Dear Gauri,
I feel, yes the Board Should appoint the merged firm as Auditor's subsequent to the merger till the next AGM
Shivanand Nautiyal
(Article PCC)
(104 Points)
Replied 04 January 2010
Dear Frnd,
In my opinion this is not a a case of CASUAL VACANCY .
Amir
(Learner)
(4016 Points)
Replied 04 January 2010
| Originally posted by : Amir | ||
 |
Dear Gauri, I feel, yes the Board Should appoint the merged firm as Auditor's subsequent to the merger till the next AGM |
 |
Dear Friends, I tell u why I am saying this, because A Firm can be appointed as Auditor of a company in it's name and subsequent to the merger Firm with the new name has to be appointed...
Ravi Singh
(Article Assistant)
(100 Points)
Replied 05 January 2010
absolutely rite....the company must hav to pass a board resolution if dey wnt 2 appoint dis merged firm as an auditor
CA Riswa Parekh
(Practicing)
(1591 Points)
Replied 07 January 2010
When a two firm merges or new partner is joined to any firm , the firm must disclose the fact and then after company has to decide that they have to appoint the auditor or not,but it doesn't create any casual vacancy.
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