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Seminar on Role and Appointment of Auditor in a Company

Feb 23, 2018

Mr. N.K. Goyal, leading CA and having vast experience in the field of Audit, delivered a Seminar on “Role and Appointment of Auditor In Company”.
 
The main point of discussion was the Role and Appointment of Auditors under the Companies Act, 2013. After enlightening students about the procedure to be followed for appointing Auditors Mr. Goyal has pointed the important issues like appointment of auditor as per the companies act. out that every Company shall appoint an Individual or firm as an Auditor at the First Annual General Meeting who shall hold office from the conclusion of this meeting until the conclusion of sixth Annual general Meeting, provided that Company shall place the matter relating to such appointment for ratification by members at every Annual General Meeting. Further provided that before such appointment Company should obtain the written consent from the Auditor and certificate which shall indicate the criteria as mentioned in Section.141. Company shall file the said appointment with the Registrar of Companies.
 
How an Individual or audit firm who has completed their term shall not be eligible for appointment as auditor in the same Company for five years from the completion of such term; no audit firm having a common partner/Partners to the other audit firm, whose tenure has expired in a company immediately preceding the financial year, shall be appointed as auditor of the same company for a period of five years—these were the points upon which Mr. Goyal emphasised.
 
Positive feedbacks were received, for instance, Mr. Goyal provided professional knowledge about the role of auditor which helped the students to understand the various dimensions easily.

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