Reasons For Resignation of Auditor

The auditor shall specify the valid reason for resignation in the resignation letter of auditor. A company is required to appoint an auditor for the maintenance of its books of accounts and the preparation of the audit reports of the company. The reasons include the hiding of information having a material impact on the accounts of the company, the impact on the reputation of the auditor, the requirement of the code of ethics provided by ICAI, etc.