Dear Experts
Mr. X (Practicing C.A.), a partner in XYZ & Co., was auditor of X Private Limited. Now Mr. X is partner in ABC & Co. and he will do audit of X Private Limited.
Will this be considered as change in auditor?
Pawan Mittal (CA Final) (702 Points)
16 July 2016Dear Experts
Mr. X (Practicing C.A.), a partner in XYZ & Co., was auditor of X Private Limited. Now Mr. X is partner in ABC & Co. and he will do audit of X Private Limited.
Will this be considered as change in auditor?
Charu Srivastava
(Company Secretary)
(4210 Points)
Replied 19 July 2016
Yes...because the auditor was appointed representing the firm , so this situation warrants new appointment procedure altogether.
other views are solicited
Mandar
(Associate)
(561 Points)
Replied 20 July 2016
Reference :- Section 139(3) R/w Rule 6(3)(i)(ii)
As per my view , The given situation would not be considered as change of Auditor with reference to the mentioned provisions.
CAclubindia
