Question

One must possess either of the following two qualifications for appointment
as the auditor of the company
a) A Chartered Accountant or certified Auditor
b) A Chartered Accountant or ICWA c) A Chartered Accountant or B.Com.
d). A chartered Accountant or M.Com.​

Answer 1

Answer: A. A Chartered Accountant or certified Auditor

Explanation:

Answer 2

The correct answer is OPTION A: A chartered accountant or certified auditor.

• A person or organization that manages the auditing process is known as an auditor.
• He formulates an opinion/assumption on the financial statements' fairness and trustworthiness after a comprehensive examination of the company's accounting records and financial statements.
• Although a private corporation is not required by law to have any specific credentials, it must meet the following requirements:

1. According to the Companies Act, a chartered accountant holding a certificate of practice from the Institute of Chartered Accountants of India can be a certified corporate auditor.
2. Part B of the State Law Act defines a person who has a certificate stating that he is authorized to serve as an auditor.