Procedure for appointment of auditor | Role of Auditors in company

All businesses listed in India are required to delegate an Auditor and have their book of accounts reviewed each year. In this Session on Appointment of Auditors, we look at all characters of audit and appointment of auditors under the Companies Act in detail.
#appointmentofauditors
#RightsofAuditors
#Remunerationofauditors

Topics covered in this Business Pathshala Session on Appointment of Auditors are:
0:00 Introduction
1:53 Appointment of auditors
3:43 Eligibility for appointment as auditor
4:14 Tenure of appointment
7:56 Form and documents to be furnished for such appointment
9:57 Timeline for filing the form
10:10 Remuneration of auditors
11:51 Auditors to sign audit reports
13:19 Auditors to attend general meeting

The purpose of the auditor in the organization is to protect the interests of shareholders. The auditor is under the law to examine the accounts and documents maintained by the directors. It is the duty of the auditor only to inform them about the true financial position of the company. Auditor’s opinion is independent, which they give to the owners or the stakeholders of the company. It is done to protect and keep the company safe from any financial conditions.

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Auditor is appointed in first AGM by filing ADT-1 for 5 years
Is it required to file ADT-1 again in 2nd AGM?