QuestionsCategory: Co. Audit - IWhat is cooling period?
Auditaudit Staff asked 8 years ago
2 Answers
Adminadmin answered 8 years ago

Time period for which he cannot become auditor of company

Auditaudit Staff answered 8 years ago

After continuing 1 term (2 term in case of audit firm), the period for which the same CA / firm can’t be appointed as auditor in the same company. that period is called cooling period. Cooling period = 5 years.