ABC audit firm audited the financial statements of listed company Sharma's Ltd. The audit firm completed the 10 consecutive years.The partner C of ABC firm left his partnership and joined in XYZ firm as partner.
Is XYZ firm is eligible to audit the Sharma's ltd.?
.. What happens if C joined as partner in XYZ during the middle of audit of Sharma's Ltd?
3 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 14 March 2021
Yes XYZ is eligible for Audit of Sharma
BHAWANI BANSAL
(JOB)
(22 Points)
Replied 15 March 2021
No, rotation of auditor applies to all partners also
Recent Topics
- Asset Declaration in ITR2
- CGST/SGST Input tax Classification in Tally Prime
- PREFERENCE SHARES - NBFC
- Vivad se vishwas scheme 2024
- List of banks for tax payments available at e-Pay
- Excess itc claimed then intrest applicable even if
- Financing for Properties and Businesses
- TAX DEMAND STILL SHOWING ON INCOME TAX PORTAL, EVE
- FORM 10 IEA IN Revised return
- ITC Eligibility on GTA
Related Threads
CAclubindia
