Appointment of Auditor is very important in a company that analyses and understands a company’s financial records which to deliver effective analyses and relevant information. Management can use this information to evaluate the company and implement measures necessary to meet their objectives.
Assess risks, economy, efficiency, quality and improve a company’s efficiency and profitability by helping the management better understand their own working and financial system.
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Appointment of Auditors Documents Required
The below following documents to be filed by the company when it appoints a new auditor.
Form MGT-14 along with a proof of the resolution in the board meeting.
Form ADT-1 to be filed with the Registrar of Companies (ROC).
Besides the above forms, the following information to be provided to the ROC.
Name of the new auditor firm.
Address of the new auditor firm.
Email address and PAN number.
A number of years for which the firm is appointed.
Details of the resigning auditor firm.
Appointment date of the new auditor firm.
Digitally signed Form ADT-1 (along with the signature of the director of the company).