Director act as an auditor after resignation

[anil kalia]

Can a director(not wholetime) of a company resigns and be appoited as auditor of the same company.

AI Summary

Can a Former Director Become an Auditor? Key Condition: No Interest in the Company, Including Past Fees or Remuneration. A query was raised about whether a former director of a company can be appointed as its auditor after resignation. The response indicated that while there are guidelines for appointing auditors, a former director can be appointed if they meet all necessary conditions. The key condition is having no interest in the company, which may be challenging if the director received remuneration or sitting fees, potentially affecting their status as an independent auditor.