Public Litigation in case of Auditors of Listed Public Limited Companies
shantilal k. patel
(Querist) 05 August 2008
This query is : Resolved
Can firm of chartered accountants be prevented to act as auditor of listed public limited companies if
(a)one of the parter has filed criminal/civil cases against other partners
(b)They do not talk to each other.
(c)there was fight amoung the partners,matter went to the court and court directed that all the financial transactons should be sign by two partners each representing one group
(d)filing cases by partners against each other is a ongoing process
Can Hight Court restrain such firm to
act as a Auditor of Listed Public Limited Companies if PIL is filed?
Guest
(Expert) 05 August 2008
How are you interested in the firm's private affair.
How is the Public affected from the infighting as long as they are doing a good job.
I am sure ICAI has sufficient restrains on such firms. PIL may not be possible.
