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As per Compan...

Question

As per Companies Act, 2013 an auditor can be appointed for _________.

A

5 years

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B

one year

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C

10 years

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D

None

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Solution

The correct option is A 5 years
No audit firm shall be appointed as auditor of the company for a period of five years, if same firm presently having a common partner(s) to the previous audit firm, whose tenure has expired in a company immediately preceding the financial year.

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