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Examples of NPO

State the fol...

Question

State the following statement is True of False:
The first auditor is appointed by the shareholders of the company.

A

True

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B

False

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Solution

The correct option is B False
According to the Company Act , 2013 , the first auditor is appointed by the shareholders of the company at the time of commencement .
Auditor is a person appointed by the company to execute audit. auditing is done by the auditor to check the accuracy of the accounts . The first auditor is appointed by shareholders.

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