Dear Friends,
In compny Audit, as per section 226(3) "a body corporate" can not be appointed as an auditor of compnay because it has a limited liability.
May someone provide reason/logic behind this.
Thanks,
MOHAN AGRAWAL (Practice) (100 Points)
08 June 2012Dear Friends,
In compny Audit, as per section 226(3) "a body corporate" can not be appointed as an auditor of compnay because it has a limited liability.
May someone provide reason/logic behind this.
Thanks,
shankar
(CA, CS Final)
(243 Points)
Replied 08 June 2012
Dear Mohan,
A body corporate cannot be appointed as an Auditor becouse it has limited liability.
Thanks
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