Chaitanya MalpaniChaitanya Malpani asked 9 months ago

Sir, As per CAAR Rules if any Firm has gone in to Rotation from a company ABC LTD  and any one partner of such firm, who is in charge of audit firm and certifies such audit , joined any other CA Firm M/S XYZ  whose appointment has been made ABC LTD as auditor before his admission as partner then whether such Ca Firm M/S XYZ also went into rotation after admission .
whether it is caused Casual Vacancy in Co ABC LTD ? 

1 Answers
RaviRavi Staff answered 9 months ago

if in-charge + signing partner joins any firm they will also go under rotation & cooling period. Yes vacancy will arise and such vacancy should be considered as casual vacancy.

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