A person holding any security of the company carrying a beneficial interest is generally ___ to be appointed as its auditor:
Adisqualified
Bpreferred
Celigible
Drequired
Answer & Solution
Correct answer: A. disqualified
Holding the company's securities with beneficial interest disqualifies an auditor.
Related questions
The provisions governing the appointment of auditors are contained mainly in Section ___ oIf a company does not appoint or reappoint an auditor at the AGM, the existing auditor:The auditor's duty to make a report to the members on the accounts examined is a ___ duty The maximum number of companies in which a person can be appointed as auditor is generallyIn a Government company, the auditor is appointed by the:The appointment of an auditor is ordinarily ratified or made by the shareholders at the:Where fraud is detected during the audit, the auditor is required, in prescribed cases, toIf an auditor resigns, they must file a statement in the prescribed form (ADT-3) with the