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Auditor tenure

If auditor is individual = one term of 5 years If firm = two terms of 5 years My question is how to calculate these 5 years If same auditor continue 5 years = No problem If same auditor appointed alternative years How to calculate 5 years I.e, 1 st year he appointed as auditor 2nd year others appointed as auditor 3 rd years again 1st auditor appointment as auditor N


Krishna V

Krishna V

CA Inter

7K+

10-Nov-20

43

Answers (4)

The auditor's term will be over after he vacates office and there has to be a gap of 5 years before he can be appointed again.


Suraj Lakhotia

Suraj Lakhotia

Admin

10-Nov-20

Thread Starter

Krishna V

So, He can't appoint 3rd year

By what sir means, i understand that in your given case, he wont be able to hold office in year 3


Kumarjit Dey

Kumarjit Dey

CA Inter

4K+

10-Nov-20

All the Best
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