NamrataNamrata asked 1 year ago

rotation of auditor: break in term for 5 countinuous yrs be considered as fulfilling requirement of rotation pls explain with example

1 Answers
RaviRavi Staff answered 1 year ago

suppose auditor completes 3 years and then he is disqualified or resigns or removed or any thing, it will be considered as break in term and it will be assumed that his term of 5 years is complete. so if auditor is individual ca, rotation will get applicable. if auditor is ca firm then rotation will depend whether it was 1st term or 2nd term

Call Back Request