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APPOINTMENT OF AUDITOR

APPOINTMENT OF AUDITOR. PRESENTED BY PROF.R.PUNITHA. MEANING OF AUDITOR.

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APPOINTMENT OF AUDITOR

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  1. APPOINTMENT OF AUDITOR PRESENTED BY PROF.R.PUNITHA

  2. MEANING OF AUDITOR An auditor is a person or a firm appointed by a company to execute an audit. To act as an auditor, a person should be certified by the regulatory authority of accounting and auditing or possess certain specified qualifications. Generally, to act as an external auditor of the company a person should have a certificate of practice from the regulatory authority.

  3. Types of Auditor External auditor External auditors may also be engaged to perform other agreed-upon procedures, related or unrelated to financial statements. Most importantly, external auditors, though engaged and paid by the company being audited, should be regarded as independent.

  4. Internal Auditor Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes.

  5. Appointment of Auditors. After incorporation of a company in the first annual general meeting, an Auditor must be appointed by the Board of Directors.

  6. APPOINTMENT The first auditor of a company would usually be appointed by the directors, or alternatively the shareholders may appoint the auditor at the first Annual General Meeting (“AGM”). Auditors are appointed at the AGM and hold office from the conclusion of the AGM to the conclusion of the next AGM.Oct 22, 2013 APPOINTMENT OF AUDITORS AT FIRST AGM

  7. APPOINTMENT OF AUDITORS AT FIRST AGM • Written consent • Tenure • Government company • Remuneration • Manner and Procedure for Selection • Intimation of Auditor • Annual General Meeting

  8. Re-Appointment of Auditor • Conditions • Consent ,certificate and filling of form

  9. THANK YOU

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