Who among the following is eligible to be appointed as an auditor?
1. A person having qualified and recognized by ICAI as practicing CA
2. A body corporate
3. A person holding shares of the company having voting rights
A. Only 1
B. Only 1 and 2
C. 1, 2 and 3
D. Only 2
E. Only 2 and 3
Answer: Option A
Related Questions on Auditing
A. 2, 1, 3, 4, 5
B. 1, 2, 3, 4, 5
C. 5, 1, 4, 3, 2
D. 4, 1, 3, 2, 5
Auditing and accounting are concerned with which of the following financial statements?
A. Auditing uses the theory of evidence to verify the financial information made available by accountancy
B. Auditing lends credibility dimension and quality dimension to the financial statements prepared by the accountant
C. Auditor should have a thorough knowledge of accounting concepts and convention to enable opinion on financial statements
D. All of the above
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