Auditors
Or
"An Auditor is a watch dog but not a
bloodhound". Comment
Chapter X (sections 139 to 148) of the Companies Act,2013
deals with appointment, removal, remuneration, powers,
duties etc., of auditors of company.
The term Audit means an examination of books of
account by an authorized person. The person who is so
authorized to examine the books of accounts of a company is
called Auditor.
A company carries on business with the capital furnished
by persons who buy its shares. The contributors of capital are
not in direct control of its application. The Directors and
Superior Officers of the company utilize the funds contributed
by the shareholders. The Companies Act therefore provides
for the employment of an auditor who is the servant of the
shareholders and whose duty is to examine the affairs of the
company on their behalf at the end of a year and report to
them what he has found.
Or
"An Auditor is a watch dog but not a
bloodhound". Comment
Chapter X (sections 139 to 148) of the Companies Act,2013
deals with appointment, removal, remuneration, powers,
duties etc., of auditors of company.
The term Audit means an examination of books of
account by an authorized person. The person who is so
authorized to examine the books of accounts of a company is
called Auditor.
A company carries on business with the capital furnished
by persons who buy its shares. The contributors of capital are
not in direct control of its application. The Directors and
Superior Officers of the company utilize the funds contributed
by the shareholders. The Companies Act therefore provides
for the employment of an auditor who is the servant of the
shareholders and whose duty is to examine the affairs of the
company on their behalf at the end of a year and report to
them what he has found.
