Fellow members
A proprietorship CA firm was appointed as Statutory Auditors as the first Auditors of the company for FY 2016-17. As on 1st April, 2017, the proprietor firm has been merged into a partnership firm and as on date of signing of Auditors Report & Financial Statements, the proprietor firm is not in existence.
My query on whom behalf Auditors Report & Financial Statements will be signed by the Auditor: in the name of proprietor firm or partnership firm.
Auditor's Report Signing: Approvals Needed for Partnership Firm Post-Merger of CA Firm for FY 2016-17. A query was raised regarding the signing authority of an Auditor's Report and Financial Statements after a proprietorship CA firm, appointed as the statutory auditor for FY 2016-17, merged into a partnership firm as of April 1, 2017. The concern was whether the documents should be signed under the name of the now non-existent proprietorship or the new partnership firm. The response suggested that the merger should be communicated to the company, which should approve the change, allowing the partnership firm to sign the accounts. (AI Summary)
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