Change of auditor case study

Example:-Year Ended: 31 December 2007Account signing date: 3 June 2008 (At least 14 days before the AGM)AGM & Annual Return date: 30 June 2008

		Prepared by	First Auditors	Change of Auditors
1	Resignation Letter ( Auditor must submit to CCM within 7 days – refer attachment)	Formal auditor	N/A	Dated by resigning Auditor (e.g. 30 March 2008)
2	DCR – Nomination of Auditors in place of resigning Auditors	Co. Sec	N/A	Date after Resignation letter (e.g. 3 April 2008)
3	Letter of Nomination for Appointment of Auditors	Co. Sec	Date before account signing date (e.g. 28 February 2008)	Date same as / after DCR (e.g. 3 April 2008)
4	Letter to ask for clearance	New Auditor	N/A	Date after Letter of Nomination(e.g. 5 April 2008)
5	Clearance letter	Formal Auditor	N/A	Date after the above(e.g. 6 April 2008)
6	Consent to Act	New Auditor	Date after Letter of Nomination (e.g. 2 March 2008)	Date after Clearance Letter(e.g. 7 April 2008)
7	DCR – appointment of First Auditor	Co. Sec	Date after Consent letter (e.g. 6 March 2008)	N/A
8	MCR – Appointment of Auditor in place of Resigning Auditor	Co. Sec	N/A	Date after Consent letter (e.g. 8 April 2008)
9	Appointment Letter	Co. Sec	Date same as / after DCR (e.g. 6 March 2008)	N/A
10	Letter of representative / Engagement letter	New Auditor	Date after Appointment letter	Date after Consent letter

The above “change of Auditors” means the existing Auditor resign and appoint new Auditor to replace it. There are two other situations where other procedure will apply – removal of auditor and retiring of auditor.