Question

A person shall be eligible for appointment as an auditor of a company only if he is a _______________

A Cost Accountant Correct Answer Incorrect Answer
B Chartered accountant Correct Answer Incorrect Answer
C Chartered accountant in practice Correct Answer Incorrect Answer
D Any person as the Board may decide Correct Answer Incorrect Answer

Solution

Section 141.Eligibility, qualifications and disqualifications of auditors: (1) A person shall be eligible for appointment as an auditor of a company only if he is a chartered accountant in practice.

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