purpose of the rotation of the auditor (a) a breck in the term for a continuous period of five years shall be considered as fulfilling the requirement of rotation. sir this point I m not understand. .please me explain. ..

1 answer

MEANS IF SUPPOSE AN INDIVIDUAL AUDITOR WAS APPOINTED , SO AS PER PROVISION AFTER TERM OF 5 YEARS HE CAN NOT BE APPOINTED FOR 5 YEARS ( COOLING PERIOD) , SUPPOSE IF HE IS REMOVED OR RESIGN AFTER 3 YEARS ONLY THEN A BREAK OF CONTINIOUS 5 YEARS WILL BE CONSIDERED FOR FULFILLING REQUIREMENT OF COOLING PERIOD….I THINK SO….

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