[Solved] Which of the following persons is qualified to be a company auditor?

Which of the following persons is qualified to be a company auditor?

a) An employee of the company

b) A body corporate

c) A person who is indebted to the company for an amount exceeding Rs. 1000

d) A practicing chartered accountant

Answer: (d) A practicing chartered accountant is qualified to be a company auditor. As per the Companies Act, 2013, only a practicing Chartered Accountant (CA) is eligible to be appointed as the statutory auditor in a company. A person shall not be qualified for an appointment as statutory auditor of a company unless there is eligibility on the part of the person to act in the capacity of an auditor.

More MCQ and Answers on Auditing

  1. Fixed assets are valued at
  2. Floating assets are valued at
  3. Outstanding expenses should be verified with the help of
  4. Book debts should be verified with the help of
  5. Book debts should be verified with the help of
  6. Main object of auditing is
  7. Propriety audit refers to
  8. Propriety is normally undertaken in case of
  9. Final audit implies
  10. Joint audit implies

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