Auditors

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

18 April 2015 according to section 141 of companies act 2013 about disqualification of an auditor can you tell me what is meant by "person" whether an individual or audit firm or both

Pratik Shah

Pratik Shah (Expert)
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20 April 2015 As per my knowledge, the person here means an individual (if Auditor is an individual) and a firm (if auditor is a firm). If you check Section 141(4), it says that if a person appointed as an auditor (can be an individual or firm) incurs any disqualification, he shall vacate his office and creates a casual vacancy.

Hence, the answer is both.