alleryStart learning →Under s.141(3)(b), who is ineligible as the company's auditor?
AA retired judge
BA friend of members
CA past student
DIts own employee
Answer & Solution
Correct answer: D. Its own employee
An officer or employee of the company cannot be its auditor, as this destroys independence.
Keep practising Company Audit
Browse all Company Audit questions for CA Final, or explore more Auditing topics.
Related questions
Under s.177(8), the Board's report must disclose the composition of which body?The s.177(10) vigil mechanism gives direct access in exceptional cases to:At Audit Committee meetings on their report, the auditors have a right under s.177(7) to bUnder s.177(6), the Audit Committee may take professional advice from:Under s.177(4)(vii), the committee evaluates internal financial controls and:Under s.177(4)(iv), the committee approves which kind of transactions?Under s.177(2), an Audit Committee needs at least how many directors?Under s.177(1), who must constitute an Audit Committee?