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Appointment of Auditors Made Ease
Every government and non-government organization is required to maintain an accounting and
auditing record as the fiscal year draws near. The financial statements of these firms are thoroughly
analyzed and assessed before submitting to the authorized departments . This assessment of financial
documents is done by the Auditor.
Who is an auditor?
An auditor is defined as a trained individual to review and verify accounting data and is recognized as a
Chartered Accountant under the Chartered Accountant Act 1949.
Eligibility Criteria for Auditors:
● A person qualified as a charted accountant is eligible to be appointed as an Auditor.
● An organization is eligible for the appointment of an Auditor, only when the majority of its
partners are Chartered Accountants practicing in India.
● Of the instances, where a Private Limited Company is appointed as Auditor, only the partners
who are charted accountants have the permission to act and sign on the firm’s behalf.
Appointment of Auditors:
Appointment of Auditors plays an important role in the company, who can analyze and understand the
company’s financial records to deliver effective analysis and relevant information.

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Appointment of Auditors Made For Firm

  • 1. Appointment of Auditors Made Ease Every government and non-government organization is required to maintain an accounting and auditing record as the fiscal year draws near. The financial statements of these firms are thoroughly analyzed and assessed before submitting to the authorized departments . This assessment of financial
  • 2. documents is done by the Auditor. Who is an auditor? An auditor is defined as a trained individual to review and verify accounting data and is recognized as a Chartered Accountant under the Chartered Accountant Act 1949. Eligibility Criteria for Auditors: ● A person qualified as a charted accountant is eligible to be appointed as an Auditor. ● An organization is eligible for the appointment of an Auditor, only when the majority of its partners are Chartered Accountants practicing in India. ● Of the instances, where a Private Limited Company is appointed as Auditor, only the partners who are charted accountants have the permission to act and sign on the firm’s behalf. Appointment of Auditors: Appointment of Auditors plays an important role in the company, who can analyze and understand the company’s financial records to deliver effective analysis and relevant information.