Dear All,
Is Rotation of Auditor applicable to Private Company?? Last year had appointed Auditor for one year.. Do i need to appoint for a period of 5years.. there is lot of confusion regarding appointment of auditor.. can anybody pls guide
3 Replies
CA Srujann kumar Reddy
(Asst Manager(Internal audit))
(1679 Points)
Replied 10 August 2016
yes it is applicable, appointment of auditor has to be done for private company for 5 yrs..... if the auditor is an individual or else
if it is firm then 2 consecutive period of 5 yrs which is 10 yrs
if it is firm then 2 consecutive period of 5 yrs which is 10 yrs
Dhara
(Company Secretary)
(298 Points)
Replied 10 August 2016
5years needs to be counted from which date ? it would be applicable after companies act 2013 right?
CA Srujann kumar Reddy
(Asst Manager(Internal audit))
(1679 Points)
Replied 10 August 2016
from the AGM after comp act 2013, implementation.....
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