{"id":20388,"date":"2019-07-17T06:31:18","date_gmt":"2019-07-17T06:31:18","guid":{"rendered":"https:\/\/www.legalraasta.com\/blog\/?p=20388"},"modified":"2026-04-07T17:17:00","modified_gmt":"2026-04-07T11:47:00","slug":"appointment-of-auditor","status":"publish","type":"post","link":"https:\/\/www.legalraasta.com\/blog\/appointment-of-auditor\/","title":{"rendered":"Appointment of Auditor – As per the Companies Act"},"content":{"rendered":"

An auditor is a professional who gets employed by a company to examine and review the financial records. As per the Companies Act<\/a>, all entities in India, after their Company Registration<\/a> is completed, must appoint an Auditor.\u00a0To have the book of accounts audited every year. Whether the company is public or private, whether it has a share capital or not, is required to maintain proper books of accounts under the provisions of section 128 of the Companies Act, 2013. Also, the companies have to get their Books of accounts audited as per section 139 of the Act. The audit is, basically, an examination of Accounting Methods<\/a> undertaken to verify the correctness or otherwise of the transactions reflected therein. The Appointment of the Auditor is an important task that the firm undertakes. An Auditor should undertake all the responsibilities judiciously, as well as meet the\u00a0auditing requirements<\/a> of the company.<\/p>\n

The Auditor needs to make sure that the accounts and books accurately match with the activities that have been partaken by the company.\u00a0He is responsible for scrutinizing the books of account of a Company with reference to documents, vouchers, and other relevant records. And ensuring that the entries made therein give a clean and clear picture of the business.<\/p>\n

We shall be discussing the steps of appointment of auditor in the following article, in detail.<\/p>\n

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