Auditor under companies act, 2013

312 views 9 replies
can a CS appointed as an external audior as per companies act, 2013?
Replies (9)
No. As per section 141 (1) only a chartered accountant with certificate of practice from ICAI can be appointed as External/Statutory Auditor of a company.
okay thank you
Section 41(1) of the companies Act, 2013 provides that eligibility of a person being appointed in the Company as Statutory Auditor (i.e. External Auditor) only if he is a Chartered Accountant and having Certificate of Practice issued from ICAI. Also, a firm whereof majority of partners practising in India approved by ICAI are qualified for appointment and the same may be appointed under their firm name or as individual in the Company as Statutory Auditor. In case, the statutory auditor is being appointed in the firm’s name, only the partners who are chartered accountants shall be authorised to act and sign on behalf of the firm. A Company Secretary can be appointed as a Secretarial Auditor (i.e. Compliance Auditor) in the Company.
Originally posted by : Aditya Tibrewal
No. As per section 141 (1) only a chartered accountant with certificate of practice from ICAI can be appointed as External/Statutory Auditor of a company.

yes

Originally posted by : CS Ankur Srivastava



Originally posted by : Aditya Tibrewal



No. As per section 141 (1) only a chartered accountant with certificate of practice from ICAI can be appointed as External/Statutory Auditor of a company.





 

Thanks

can a CMA appointed as a statutory auditor
can a Chartered accountant appointed as a cost auditor
Originally posted by : Aniket Dhumale
can a CMA appointed as a statutory auditor

Section 141(1) of the companies Act, 2013 provides that eligibility of a person being appointed in the Company as Statutory Auditor (i.e. External Auditor) only if he is a Chartered Accountant. Also, a firm whereof majority of partners practising in India are qualified for appointment as aforesaid may be appointed by its firm name to be auditor of a company. Here, only the partners who are chartered accountants shall be authorised to act and sign on behalf of the firm. 

A Company Secretary can be appointed as a Secretarial Auditor (i.e. Compliance Auditor) in the Company whereas a Cost Accountant or CMA can be appointed as Cost Auditor, if required or mandated.

Originally posted by : Aniket Dhumale
can a Chartered accountant appointed as a cost auditor

section 148(3) expressly provides that Cost Audit in a Company shall be conducted by a Cost Accountant in practice. Hence, neither a Chartered Accountant or Comapny Secretary can conduct Cost Audit in a Company. 

The appointment of the Cost Accountant is required to be made by the Board of the Company.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
20 June 2026
Chartered Accountant

ANV & Company

New Delhi

CA

View Details
Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 18 June 2026
Article Assistance

RB KESHRI & CO.

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 30 June 2026
2 posts Article assistant and Articleship completed students

Chirag N Shah & Associates

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 24 June 2026
ARTICLE ASSISTANT

BHUPINDER SHAH AND COMPANY

New Delhi

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
22 June 2026
Finance Manager- Chartered Accountant

Triveni Turbine Limited

Bengaluru

CA

View Details
Company
ARTICLESHIP 30 June 2026
Article Assistant or Paid Assistant

VIKAS VERMA & CO

New Delhi

Others

View Details