Why auditors resign

If you agree that we can store and use cookies just click "Accept and Close" or you can learn more about cookies. Must a separate Notification Form be submitted for each company within a group of companies from which an auditor has ceased to hold office? Where an auditor has ceased to hold office from a group of companies as defined by Irish Company Law Section 8 3 of the Companies Act , and the details of the cessation date, reason etc.

Where an auditor transfers clients from an unincorporated audit practice to an incorporated audit practice, the auditor must submit a Notification of Auditor Incorporation Form to IAASA. Details of all clients affected shall be submitted through the form. Notifications to IAASA may be submitted in batches as clients are transferred to the incorporated audit practice i. In the case of a government company, an auditor will be appointed by the Comptroller and Auditor-General of India within thirty days from the resignation of the auditor.

The auditor has to affix his digital signature to the form. The resignation letter, if any is to be attached with this form by the auditor. The auditor has to pay the prescribed fee along with Form ADT-3 at the time of filing the form.

The fee varies according to the share capital of the company of the resigning auditor. The fees prescribed by MCA is as follows:. If the auditor submits ADT-3 beyond thirty days of his resignation, he has to pay the fees for the delay which varies according to the period of the delay.

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