CA Inter P5 · Chapter 11 · Question 9 of 13
Which of the following persons is disqualified from appointment as auditor of a company under section 141(3) of the Companies Act, 2013?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: D) An officer or employee of the company
Explanation
Section 141(3) disqualifies, among others, a body corporate (other than an LLP), an officer or employee of the company, a partner or employee of an officer or employee, persons with certain financial interests or business relationships, and a person in full-time employment elsewhere, or a person who already holds appointment as auditor of more than twenty companies (with certain companies, such as one person companies, dormant companies and small companies, excluded from the count). A firm of practising chartered accountants can be appointed.
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