Question

An auditor is appointed for a period of _________.

• A. one year
• B. ten year
• C. five year
• D. two year

Answer 1

The correct option is A one year

After the incorporation of a company in the first annual general meeting an auditor must be appointed by the board of directors. the auditor will typically hold term till the conclusion of 5 years . The appointment of an auditor can also be made for a period of 1 year renewable at each annual general meeting.