Audit and auditors

Corporate & Other Laws

Can you please explain What the table indicates?

Kumar G

CA Final

★ 12K+

17-Oct-21 16:26

529

Answers (4)

Best Answer

Law makers want to give auditors three years grace period .. Now if you are doing audit since past 5 years suddenly provison comes you get three years grace So total equals 8 If you did only one year there is no requirement for grace because you have 4 years already so total equals 5... Hope it helps..

Yogesh Shukla

CA Final

★ 24K+

18-Oct-21 05:46

This was transition provision, you can ignore this

Himanshu Somani

CA Final

★ 97K+

17-Oct-21 17:20

Thank you

Thread Starter

Kumar G

CA Final

★ 12K+

17-Oct-21 18:17

Thank you

Thread Starter

Kumar G

CA Final

★ 12K+

18-Oct-21 06:54