Question

12. Who appointed the company primary auditor?
a) Shareholders
b) Central Government c) Company law Board d) Director's Board​

Answer 1

Answer:

d) Director's board

The Board of Directors appoints the first auditor of a company. The appointment has to be done within 30 days from the date of registration of the company. Additionally, the members of the company can also appoint an auditor by conducting an Extraordinary General Meeting within 90 days of receiving such information.

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Answer 2

Option D is the correct answer i.e. Director's Board.

• When a company gets a registered board of directors to appoint an auditor.
• Within the thirty days after registration company needs to appoint an auditor which can be either appointed by the government or the board of directors.
• Auditors should be independent.
• According to the Companies Act 2013 it is compulsory for the companies to appoint an auditor.
• If the board of directors fails to appoint he must tell the members of the company.