On receiving such special notice, what must the company do about the retiring auditor?
ASend him a copy forthwith
BWait for the next AGM
CPay his dues first
DPrint it in a newspaper
Answer & Solution
Correct answer: A. Send him a copy forthwith
The company must immediately send a copy of the resolution to the retiring auditor so he can respond.
Keep practising Ethics and Terms of Audit Engagements
Browse all Ethics and Terms of Audit Engagements questions for CA Inter, or explore more Auditing topics.
Related questions
Quoting very low audit fees to win repeat business threatens what?Independence in appearance is also known as what?Which is one of the five threats to independence in the IESBA Code?Why is independence called the cornerstone of the auditing profession?Which action does the principle of auditor independence rule out?A cost audit under section 148 relates to the section 143 audit how?Can the statutory auditor appointed under section 139 also do the cost audit?A cost audit under section 148 is conducted by whom?