Archive | Auditor

Liabilities of a Statutory Auditor | Company | Auditing

The liability of a statutory auditor may be charted as under: 1. Contractual Liability: The Statutory Auditor is liable for nonfulfillment of the terms and conditions of an agreement between him and the company who appoints him. He may be held responsible under the Contract Act 'in failing to perform the duties' as laid down in agreement. In the absence [...]

By |2017-06-20T20:12:54+00:00June 20, 2017|Auditor|Comments Off on Liabilities of a Statutory Auditor | Company | Auditing
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Qualifications of an Auditor | India | Auditing

In this article we will discuss about the statutory and general qualifications of an auditor. Statutory or Professional Qualifica­tions of an Auditor: The Companies Act requires the annual accounts of every company regis­tered under the Act to be audited by a qualified auditor, i.e., one who is a Char­tered Accountant within the meaning of the Chartered Accountants Act with a [...]

By |2017-06-20T20:11:52+00:00June 20, 2017|Auditor|Comments Off on Qualifications of an Auditor | India | Auditing
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