Question

    Which of the following is eligible for appointment as an auditor of a company?

    A CA Correct Answer Incorrect Answer
    B CS Correct Answer Incorrect Answer
    C CFA Correct Answer Incorrect Answer
    D CMA Correct Answer Incorrect Answer
    E All of the above Correct Answer Incorrect Answer

    Solution

    Companies Act, 2013 - Section 141 – Eligibility, qualifications, and disqualifications of auditors A person shall be eligible for appointment as an auditor of a company  only if he is a chartered accountant in practice. Where a firm is appointed as an auditor of a company, only the partners who are Chartered Accountants in practice shall be authorised by the firm to act and sign on behalf of the firm.

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