ELIGIBILITY and QUALIFICATIONS OF AUDITOR



Posted on 18-04-2016        By ADMIN



ELIGIBILITY and QUALIFICATIONS OF AUDITOR  - company law 2013 notes

Section 141 (1) & (2) of the Act prescribed the foll owing eligibility and qualifications of auditor which are as under:-  

i.  Only a Chartered Accountant (individual) or a firm where majority of partners practicing in India are Chartered Accountants can be appointed as auditor. 

 ii.  Where a firm including a limited liability partnership (LL P) is appointed as an auditor of a company, only the partners who are chartered accountants shall be authorized to act and sign on behalf of the firm. 



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