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Nikhil jainnikhil jain asked 10 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 10 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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