Auditor has a term upto 5 AGMs. Eg : If he is appointed in 2011-12 FY AGM and he will continue for 5 AGMs. Suppose in FY 2016-17, 2017-18 and 2018-19 no AGM is conducted. As per the act auditor will conduct audit only till FY 2016-17..so since no AGM has been conducted he will continue then what audit will he do for the period 2017-18 and 2018-19 as he would have completed his audit of 2016-17.
ANSWERED Ravi answered January 10, 2019     Category:
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