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.