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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