Relevant Sections of Companies Act , 2013 for Company Audit
Following are the relevant sections for company audit .  S.No. Section Coverage  ...
Following can be eligible for being an auditor depending upon the situations – A qualified chartered accountant A partnership firm including Limited Liability Partnership...
They are the following – Body corporate can not be appointed as Auditor except limited liabilities partnership which is registered under LLP Act 2008 . An Officer or An E...
Appointment of Auditor(Section 139)
Appointment of first auditor Appointment of first auditor in case of a Non-Govt. company Appointment of first auditor ic case of a Govt. company Appointment o...
Casual vacancy of the auditor means a vacancy caused due to death , resignation , disqualification etc . of the auditor after accepting a valid appointment because of which the ...
so auditor independence is the main goal of rotation of auditor       , Applicability of Section 139(2) Rotation of Auditor: All listed companies R...
Provisions relating to audit committee
Applicability of section 177 i.e. Constitution of Audit Committee: Where a company is required to constitute an Audit Committee under section 177, all appointments, includi...
Auditor’s remuneration(SECTION – 142)
As per section 142 of the Act, the remuneration of the auditor of a company shall be fixed in its general meeting or in such manner as may be determined therein. However, board may...
REMOVAL OF AUDITORS (Section 140)
According to Section 140(1), the auditor appointed under section 139 may be removed from his office before the expiry of his term only by a special resolution of the company, after...
So in this section we’ll study - Specified numbers in case of individual, Specified numbers in case of firm -Specified numbers in case of individual, - a person w...
1.Right of access to books, etc. 2.Right to obtain information and explanation from officers 3.Right to receive notices and to attend general meeting 4.Right of lien Th...
DUTIES OF AUDITORS( Section 143 )
These are the duties of auditor - 1. Inquire into certain matters Duty to sign the audit report : Duty to comply with auditing standards Duty to sign the audit report ...
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