Module: | Statutory Audit, NFRA & ICAI Standards
Q68: Consider the following statements regarding the revised e-Filing requirements for Forms ADT-3 and ADT-4 under the MCA notifications of May 2025:
1. The revised Form ADT-3 for statutory auditor resignation now mandates the electronic attachment of the formal resignation letter submitted by the auditor.
2. Form ADT-4, used by auditors to report suspected frauds to the Central Government, must now be digitally signed by a practicing professional confirming their Certificate of Practice number.
3. The updated rules eliminated the requirement for an auditor to disclose the Service Request Number (SRN) of their original appointment (Form ADT-1) when filing their resignation.
Which of the above statements is/are incorrect?
2. Form ADT-4, used by auditors to report suspected frauds to the Central Government, must now be digitally signed by a practicing professional confirming their Certificate of Practice number.
3. The updated rules eliminated the requirement for an auditor to disclose the Service Request Number (SRN) of their original appointment (Form ADT-1) when filing their resignation.
Which of the above statements is/are incorrect?
✅ Correct Answer: C
🎯 Quick Answer:
C. Only 3 is incorrect.Form ADT-4 is the whistle-blower filing used by an auditor to report massive corporate frauds directly to the MCA.
Structural Breakdown: Statement 1 is correct; the 2025 update makes attaching the actual resignation letter mandatory to prevent vague or unsubstantiated exits.
Statement 2 is correct; ADT-4 requires a digital signature and professional certification to authenticate the gravity of the fraud report.
Statement 3 is incorrect; the revised Form ADT-3 explicitly mandates the inclusion of the ADT-1 SRN to seamlessly link the auditor's exit to their original entry in the MCA database.
Historical/Related Context: As part of its transition from the V2 to the V3 portal, the MCA overhauled dozens of forms to force digital cross-referencing.
ADT-3 was frequently filed with incomplete data, leaving regulators blind to the reasons for abrupt auditor exits.
Causal Reasoning: Forcing the auditor to link the resignation to the original appointment SRN and attach the formal exit letter creates a perfect, unbroken digital audit trail, making it much harder for companies and auditors to obscure the timeline of an engagement breakdown.