Nikhil jainnikhil jain asked 5 months ago

Can director of co become auditor of its holding or sub co because in icai they did not mention it clearly

1 Answers
RaviRavi Staff answered 5 months ago

director of holding company cannot become auditor of subsidiary, this is clarified by ICAI, it is not given in company act, it is directed by ICAI
but vice – versa director of subsidiary becoming auditor of holding is not specified so we can say it is allowed, but we should put a note that auditor should ensure his independence is not affected

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