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,
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,