Auditor requirements in India

1800 views 3 replies

calhar999

Student

25 Points Joined November 2010

Hi, I am a student studying accountancy in the UK and currently have a project looking into ICAI's compliance with IFAC's Statement of Membership Obligation 2 and Int. Education Standards.

I'm currently having trouble finding clear information on the process and requirements of practising as an external auditor in India, in particular the educational requirements and processes. I fully understand the process and requirement to become an CA with ICAI though am unsure of the further requirements for auditors.

Can anyone help me with this?

Any help is very much appreciated

Thanks

Replies (3)

daVe..

Student

1431 Points Joined March 2008

To practice as an external (Statutory) auditor in India, You have to comply with the provisions of the Indian Companies Act, 1956.

The provisions of companies act very clearly states that only a Chartered Accountant in practice within the meaning of CA Act, 1949 holding a valid Certificate of Practice is eligible for appointment.

Trust it clarifies!

virender kumar

ASSISTANT MANAGER-ACCOUNTS & FINANCE

45 Points Joined September 2010

AS U KNOW UPTO GETTING QUALIFIED AS CA FROM ICAI.... FURTHER U HAVE TO APPLY FOR MEMBERSHIP OF ICAI ALONGWITH CERTIFICATE OF PRACTICE... AFTER GETTING COP U CAN GET STATUTORY AUDIT/TAX AUDIT OR ANY CERTIFICATION WORK IN INDIA.. FOR ANY FURTHER QUERY CALL ME AT +91-9560886166