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Qualification and disqualification of auditor?​

Answer»

Explanation:

According to Provisions of Section 141(1) of the Companies Act, 2013 “a person shall be eligible for appointment as an auditor of a company only if he is a chartered accountant within the meaning of Chartered Accountants Act, 1949 and holds a valid Certificate of Practice.

To become an auditor, the candidate MUST have a bachelor's DEGREE in Accounting. However, some employers PREFER candidates with a relevant master's degree in accounting or an MBA. Candidates can also take up a course in computer accounting software such as Tally or other related diplomas.



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