Multiple Choice Questions on Cooling off period for a firm of auditors shall be ........ for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

Cooling off period for a firm of auditors shall be ........

Companies Act-Phase (I & II) Audit and auditors
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    Cooling off period for a firm of auditors shall be ........

    one Year

    Incorrect Answer

    one term

    Incorrect Answer

    five consecutive years

    Correct Answer

    two terms of five consecutive years 

    Incorrect Answer
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    Explanation:

    The auditor (either individual/audit firm) can be re-appointed after cooling off period of 5 years

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