Board Resolution for Resignation of Auditor

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Document Overview

A Board Resolution for Resignation of Auditor is a formal written decision made by the Board of Directors of a company to officially acknowledge and record that the company’s auditor (an individual or audit firm) has resigned from their role. It is part of corporate governance practice and is usually drafted and signed during a Board meeting once the resignation letter from the auditor is received.

Purpose of the Resolution:
1. It provides a formal acceptance of the resignation, making the change official in the company’s records.
2. The Companies Act, 2015 (Kenya) requires companies to notify the Registrar of Companies when there is a change of auditor. The resolution authorises an officer (often the company secretary or director) to file the necessary returns.
3. It ensures there is a documented record of the decision by the Board, demonstrating accountability.
4. It gives authority to the company’s officers to take any necessary follow-up actions, such as filing with the Registrar, communicating with stakeholders, or appointing a new auditor.
5. It places on record the Board’s appreciation for the outgoing auditor, which is a professional courtesy.

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Board Resolution for Resignation of Auditor

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