Question

A person who is qualified to carry out audit work of a company is called _____________.

• A. Auditor
• B. Secretary
• C. Director
• D. None of these
  

Answer 1

Answer: (A)

Auditor

1.An auditor is the person who prepares an independent report for the shareholders of the company. He/She is given the powers to audit the books of accounts of the company. A person shall be eligible for appointment as an auditor of a company only if he is a Chartered Accountant.

2.Company Secretary is also a key managerial personnel of a company who is a link between the Board of Directors, shareholders, and government/regulatory authorities. He/She ensures that the procedures are followed and reviewed regularly, besides providing guidance on the responsibilities of Directors and Chairman.

3.Director is the managerial personnel of a company who represents the company and takes relevant and crucial decisions for the company.