5 Questions
What must an auditor be in order to qualify as an 'approved company auditor' according to Section 263 of CA 2016?
A chartered accountant as defined under the Accountant Act 1967
What is the validity period of an approval or renewal as an approved company auditor?
2 years
What is one of the criteria that the minister considers when approving an applicant to be an approved auditor?
Good character and competence to perform duties
When can a person be appointed as an auditor?
After obtaining consent in writing that he will act as an auditor
Under what condition can a firm be appointed as an auditor?
If at least one of the partners has consented in writing to act as an auditor
This quiz tests knowledge about the qualifications required for an auditor as per Section 263 of the Companies Act 2016. It includes criteria such as being an 'approved company auditor' and a chartered accountant as defined by the Accountant Act 1967.
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