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when a firm is appointed as an auditor as per sec 139 the term is 2terms of five consecutive years,, that means the auditor has an option to retire after 1st term and be the any other year for 5consecutive years, is that so?


Satya  Shashank

Satya Shashank

CA Inter

13K+

22-Aug-20 14:07

45

Answers (7)

That be the situation where casual vacancy is created..if any auditor resign during his term casual vacancy is created..


Hashini Manickam

Hashini Manickam

CA Inter

2K+

22-Aug-20 14:40

I asked that once the firm is appointed can it continue as an auditor for other than two consecutive terms of five consecutive years


Satya  Shashank

Satya Shashank

CA Inter

13K+

22-Aug-20 15:05

Auditor can resign anytime.


Suraj Lakhotia

Suraj Lakhotia

Admin

22-Aug-20 16:38

If auditor resign after 1 term of 5 consecutive years then again can he has an option to avail next time of 5 consecutive years


Sirikonda Rajareddy

Sirikonda Rajareddy

CA Inter

3K+

23-Aug-20 09:01

If auditor resign after 1 term of 5 consecutive years then again can he has an option to avail next time of 5 consecutive years

At the time of fresh 5 years, all the qualifications and disqualifications and procedural requirements have to be considered


sudha reddy

sudha reddy

Moderator

24-Aug-20 17:54

If all are satisfied then he can be auditor


Sirikonda Rajareddy

Sirikonda Rajareddy

CA Inter

3K+

24-Aug-20 17:57

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