banner_ad

Rotation of auditor sec 139(2)

239 views 3 replies
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?
Replies (3)
Yes XYZ is eligible for Audit of Sharma
No, rotation of auditor applies to all partners also
Can u please elaborate


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
05 May 2026
Accountant

Sanjay K Pathak & Associates

Noida

Graduate (Any)

View Details
Company
29 April 2026
Internal Auditor

SNCO

Mumbai

CA Inter

View Details
Company
06 May 2026
Account Assistant / Article Clerk

V.K. Ranjan & Co(Chartered Accountants)

New Delhi

B.Com

View Details
Company
29 April 2026
Associate - Audit, Tax & Compliance

Open Co Consulting LLP

New Delhi

B.Com

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
26 April 2026
Chartered Accountant

Source HR

Mumbai

CA

View Details
Company
ARTICLESHIP 05 May 2026
ARTICLED ASSISTANT

JS ADVISORS

New Delhi

CA Inter

View Details