Question

The persons or the body of the persons appointed to inspect the books of accounts of the company are called _______ of a company.

• A. Directors
• B. Secretary
• C. Auditors
• D. None of these
  

Answer 1

Answer: (C)

Auditors

According to Section 139 of the Companies Act 2013, every Company shall at the First Annual General Meeting appoint an Individual or firm as an Auditor who shall hold office from the conclusion of this meeting until the conclusion of sixth Annual general Meeting. A person shall be qualified to be appointed as an auditor of a Company only if he is a Chartered Accountant. Such an auditor is given with the powers to inspect the accounts of the company to make sure that the financial statements give a true and fair few of the transactions.