alleryStart learning →In India, what does the term statutory auditor refer to?
AAn external auditor appointed by law
BA staff accountant of the firm
CA tax clerk of the state
DA bank cashier at a branch
Answer & Solution
Correct answer: A. An external auditor appointed by law
The statutory auditor is an external auditor appointed because the law requires it.
Keep practising Standards on Auditing and Professional Ethics
Browse all Standards on Auditing and Professional Ethics questions for CA Final, or explore more Auditing topics.
Related questions
Which US law was a reaction to problems when divisions of one firm provided both audit andWhich EU directive of 17 May 2006 enforces ISAs for all statutory audits in the Union?Which body typically approves selection of a company's external auditor?Directors try to stop auditors revealing false accounts. Which independence helps?Which independence protects the auditor's choice of audit strategy?A firm prepared the client's accounts and now audits them. Which threat arises?Which is one of the four standards behind auditor independence?In which year was SSAE 16 issued?