Multiple Choice Questions on Which of the following sections deals with qualification of the auditor ........ for Punjab Government (Allied) Exams Preparation

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Multiple Choice Questions

Which of the following sections deals with qualification of the auditor ........

Auditing Audit and auditor's report
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    Which of the following sections deals with qualification of the auditor?

    Section 141 of companies act 2013

    Correct Answer

    Section 224(1) and Section 224(2).

    Incorrect Answer

    Section 226(3) and Section 226(4).

    Incorrect Answer

    Section 224(3) and Section 224(4)

    Incorrect Answer
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    Explanation:

    Section 141 of companies act 2013 states that

    A person shall be eligible for appointment as an auditor of a company  only if he is a chartered accountant  in practice.

    Where a firm is appointed as an auditor of a company, only the partners who are Chartered Accountants in practice shall be authorised by the firm to act and sign on behalf of the firm.

    By: Parvesh Mehta
    ProfileResources

    Let's Discuss

    Deepanshu Kohli

    kindly check the options of this questions, this provides sections that are related with Companies Act, 1956 and not of 2013

    0 0 reply

    Ankur sharma

    thanks for the feedback, section 141 of companies act 2013 deals in this area.

     0 0 reply

    PARTH SARTHI

    update to companies act 2013

    0 0 reply
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