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Q. Whether communication with previous auditor is necessary in case of appointment as statutory auditor by nationalized and other banks?
A. Yes, Clause (8) of Part I of the First Schedule to the CA Act is equally applicable in case of nationalized and other banks and also to Government agencies.
Q. Whether communication by the Incoming auditor is mandatory with the previous auditor in respect of various audit assignments, like the concurrent audit, revenue audit, tax audit and special audits etc.?
A. Yes, the requirement for communicating with the previous auditor would apply to all types of audits viz., statutory audit, tax audit, internal audit, concurrent audit or any other kind of audit. The Council has laid down detailed guidelines in this regard and the same are appearing at pages 166-168 of Code of Ethics, 2009 .
Q. Whether a Chartered Accountant will be deemed to be guilty of professional misconduct if he accepts his appointment as an auditor immediately after intimating his appointment over the phone to the previous auditor?
A. Yes, the member would be held guilty of professional misconduct for the following reasons:
That he had failed to communicate with the retiring auditor in writing; and
That he did not wait for a reasonable length of time for a reply to be received from him.
This is Published in March 2010 General. So Please be inform that why your answer and this anser is contradisctory nature. as i ask several times that i do NREGA Audit and not received my fees till date and your expert says that incoming auditor not required to take noc or communicate to me . both the anser is contadictory nature. pls inform me in detail. becasue if incoming auditor is doing audit without taking noc from me. i can not recived my fees.
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