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SECURITIES AND EXCHANGE COMMISSION SEC FORM 17C CURRENT REPORT UNDER SECTION 17 OF THE SECURITIES REGULATION CODE AND SRC RULE 17.2(c) THEREUNDER 1. 20 December 2019 Date of Report (Date of the earliest

How to fill out change in external auditor

How to fill out change in external auditor

1. Contact the current external auditor and inform them of the intention to make a change.
2. Research and identify potential new external auditors.
3. Request proposals from these potential auditors, outlining the scope of work and fees involved.
4. Review the proposals and select the most suitable candidate.
5. Notify the current external auditor of the decision to change, providing clear reasons for the switch.
6. Coordinate with the selected new auditor to ensure a smooth transition of responsibilities and information.
7. Update any relevant documentation or agreements to reflect the change in the external auditor.
8. Communicate the change to relevant stakeholders, such as shareholders or regulatory bodies.
9. Monitor and evaluate the performance of the new external auditor to ensure they meet expectations.
10. Periodically review and reassess the need for further changes in the external auditor if necessary.

Who needs change in external auditor?

1. Companies or organizations that are dissatisfied with the performance or conduct of their current external auditor may need to change to a new auditor.
2. Businesses undergoing significant changes, such as mergers, acquisitions, or restructuring, may require a change in the external auditor to align with new business objectives or regulatory requirements.
3. Companies seeking fresh perspectives or specialized expertise in specific industries or areas of their operations may also benefit from changing their external auditor.
4. Shareholders, investors, or regulatory bodies may request or require a change in the external auditor to ensure transparency, independence, or regulatory compliance.

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What is change in external auditor?

Change in external auditor refers to the process of replacing the current external auditor of a company with a new external auditor.

Who is required to file change in external auditor?

Companies are required to file a change in external auditor with the appropriate regulatory bodies.

How to fill out change in external auditor?

To fill out a change in external auditor, companies need to provide details about the new external auditor and the reasons for the change.

What is the purpose of change in external auditor?

The purpose of change in external auditor is to ensure transparency and independence in the auditing process.

What information must be reported on change in external auditor?

Information that must be reported on change in external auditor includes the name and qualifications of the new external auditor, reasons for the change, and effective date of the change.