Question ID : 29582

Implications on Statutory Audit in case of Branches in Various States.

I am Partner in a CA Firm which has branches in various states. So, I want to ask, if my firm has the Statutory audit of any Insurance Company say National Insurance in one state (M.P) than can I apply for Statutory audit of the same insurance company in other state (Rajasthan) and avail the audit or not. If not, than can I apply for the Statutory audit of any other company in Insurance sector say New India Assurance in other State (Rajasthan).

Nationalised Insurance companies Audit come under preview of Comptroller and Auditor General of India, one must have empaneled in CAG