How can I communicate with previous auditors?

Due to the existing constraint of communication through abovementioned modes, it has been decided that the members may communicate with the Retiring Auditor vide E-mail , provided an acknowledgement of such communication is received from the Retiring Auditor’s E-mail address registered with the Institute or his last …

When to take NOC from previous auditor?

The Hon’ble High Court pointed out that under Clause (8) of the First Schedule of the Chartered Accountants Act, 1949, there is no requirement for an auditor to secure a no objection from the previous auditor.

How do you respond to a no objection certificate?

This has reference to letter dated ___________ issued by you as regards the submission of our No Objection. Accordingly this is to convey our No Objection to your acceptance of the said appointment as Statutory Auditor of ____________. Thanking you.

Is NOC required for change of auditor?

There is no provision of NOC and it is an inherent right of client to decide its auditor and change.

What is the purpose of communicating with the previous auditor?

The objective of communicating with the previous auditor is that the proposed auditor may have an opportunity to know the reasons for the change in order to be able to safeguard his interest, the legitimate interest of the public, and the independence of the existing chartered accountant.

What NOC is auditor?

1111
1111 – Financial auditors and accountants.

What is the responsibility of a successor auditor to communicate with the predecessor?

What is the responsibility of a successor auditor with respect to communicating with the predecessor auditor in connection with a prospective new audit client? The successor auditor should obtain permission from the prospective client to contact the predecessor auditor.

What is an engagement letter in auditing?

The engagement letter documents and confirms the auditor’s acceptance of the appointment, the objective and scope of the audit, the extent of the auditor’s responsibilities to the client and the form of any reports.

What is accounting NOC?

Accounting technicians and bookkeepers maintain complete sets of books, keep records of accounts, verify the procedures used for recording financial transactions, and provide personal bookkeeping services. They are employed throughout the private and public sectors, or they may be self-employed.

Which NOC is accountant?

1111 – Financial auditors and accountants.

What is the responsibility of the successor auditor with respect to communicating with the previous auditor?

The successor auditor has no responsibility to contact the predecessor auditor.

When one auditor succeeds another the successor auditor should request?

9. The successor auditor should request the client to authorize the predecessor to allow a review of the predecessor’s working papers.