Resignation of Auditors. Any significance??

Civil Eng

Hi,

Can anyone tell me what the significance is of a company's auditors resigning with "immediate effect"?

Can I read anything into this or is it normal practice?

UDAWINNER

not likely, in my opinion the books would be a bit dodgy

Civil Eng

UDAWINNER wrote: »

not likely, in my opinion the books would be a bit dodgy

In what sense? Would you say it's not common at all?

nompere

UDAWINNER wrote: »

not likely, in my opinion the books would be a bit dodgy

It's much more likely to be a dispute over an appropriate fee for carrying out the audit.

dbran

Or they could just be going audit exempt.

Cookie_Monster

it could be any of the above.

If they quit for dodgy accounts reasons, there should be an accompanying notification to the Revenue, shouldn't there?

But it could just be an argument over fees or non payment of fees. You'd need to look into it more

dbran

Yes

The auditor has to notify the cro that there is nothing that needs to be brought to the attention of the members of the company or the creditors.

dbran

peter redmond

dbran wrote: »

Yes

The auditor has to notify the cro that there is nothing that needs to be brought to the attention of the members of the company or the creditors.

dbran

isn't there a new body you have to notify as well as the CRO?

dbran

Yes

The Irish Auditing and Accounting Supervisory Body.

Regards

dbran