appointment-of-auditor

It is mandatory for every company registered under the Companies Act, to get its accounts audited by the statutory auditor and present it before the stakeholders every year. An audit is an important activity for every business and the auditor must present his views in an unbiased way. The principle of Audit Rotation implies the periodic breaks to audit engagements and is imposed to avoid long term relationships between an auditor and the client....

Introduction An Auditor of the company plays the most important and vital role in the operations of the company. He is obligated by the laws to examine the accounts of the company and provide a true and fair view of the company’s financial position to the various stakeholders such as investors, government authorities, banks and other interested parties. As per Section 139 of the Companies Act, 2013, every company is required to appoint an auditor....