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?
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?
Yes...because the auditor was appointed representing the firm , so this situation warrants new appointment procedure altogether.
other views are solicited
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.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
