Question ID :
44675
ADT-1 in individual name, Firm formed later
Dear Sirs/Madam
I had started my practice in own name and did not opt for any proprietorship firm. A client company has duly appointed me by filing ADT-1 for 5 years. Now I have formed and registered a sole proprietorship firm and got a separate FRN.
Now my question is, for those cases where my appointment as auditor has been done in individual name, can I issue the audit report on behalf of the firm. ?
What I think is that it is better to issue the remaining time period on the individual name only. Once the next renewal ADT-1 if filed, the firm can be appointed.
Kindly share your thoughts on the same.
Regards
Manish
Posted by
MANISH KUMAR TRIPATHI
on
Jul 03, 2024
Filed Under
MISC.
Answer ID :
85464
YOU WILL NEED FRN FOR APPOINTMENT WHETHER AS AN INDVIDUAL OR AS A FIRM,
WITHOUT FRN YOU WILL NOT BE ABLE TO GET APPOINTED AS AUDITOR
AS PER MY UNDERSTANDING OF THE PROCEEDURES
Posted by
CA Shrawan Suthar on
Jul 13, 2024