Company audit

Only a qualified chartered acccontant or a firm of chartered accountants.

For internal audit any body is ok

For statutory audit only ca

A Chartered Accountant as per CA Act 1949 having COP.

And 

Thanks all of u sir bt here the question is "who can not be appointed as a company auditor?" please clear it.

Refer Section 224 of erstwhile companies act 1956 and section 141 of new act, 2013

a person who is a creditor of more then Rs one thousand

and refer section 224 of the company act

Employee or officer of a company Debtor>1000 Guarantor >1000 Equityshareholders after 31-12-01

The qualification of an auditor are specified in sec 226 (1),(2),(3),(4)&(5) of the co's act 1956. Qualification of an auditor:- 226(1)&(2) A person who is a CA within the meaning of CA Act 1949 and holds COP SO far a firm of CA is concerned any partner can be appointed provided he fulfils above mentioned condition. Sec 226 (3)& (4) Disqualification Who cannot be appointed.:- 1)A BODY CORPORATE 2)AN EMPLOYEE OR PARTNER OF THE COMPANY 3)A PERSON WHO IS INDEBTED TO THE CO. FOR AN AMOUNT EXCEEDING RS 1000 OR HAS GIVEN GURANTEE FOR A 3RD PERSON FOR AN AMT EXCEEDING RS 1000 4)HOLDS A SECURITY CARRYING VOTING RIGHT SEC 226(5) A PERSON DISQUALIFIES FOR APPOINTMENT IN A HOLDING OT SUBSIDIARY OR A SUBSIDIARY OF SAME HOLDING CO IF HE DISQUALIFIES FOR APPOINTMENT IN THE SAID CO.

Sec 224 is for the appointment of a first auditor after incorp. Of the co and he is to be appointed by BOD within 30 days and if BOD fails to do so right of appointment is transfered to share holder