Auditguru Auditguru Frequently Asked Questions(FAQ) Auditguru Auditguru
 Meet Us Here
Nikhil Rathi asked 4 months ago

Q 5 (c) Mr. Dhawal, a practicing CA, is appointed as a Director Simplicitor in Gautam Pvt. Ltd. After three year of appointment, Mr. Dhawal resigned as the Director and accepted the Statutory Auditor position of the Company. Is Mr. Dhawal right in accepting the auditor position? Comment with reference to the Chartered Accountants Act, 1949, and Schedules thereto.

1 Answers
RaviRavi Staff answered 4 months ago

Same question is asked in latest Study Material 2020, there answer was correct
Here answer given by ICAI is incorrect
director cannot be appointed as auditor for 2 years from date of resignation 
but here in this question, icai has given wrong answer they are counting 2 years from date of appointment instead of date of resignation

Call Back Request