Auditguru Auditguru Frequently Asked Questions(FAQ) Auditguru Auditguru
 Meet Us Here
Bhumika Agrawal asked 3 weeks ago

Elaborate author note. I am not able to understand.

1 Answers
RaviRavi Staff answered 3 weeks ago

clause 8 & 9 askes to perform certain things before accepting audit assignment
as per new companies act, auditor has to give consent before appointment is made
so requirement of acceptance of assignment after appointment is made is removed in new company’s act
so now instead of acceptance post appointment now there is consent before appointment 
but clause 8 & 9 still talk about acceptance of assignment, which is not relevant for company act but relevant for other audits
so cl 8 & 9 needs little change 

Call Back Request