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Q: Does every company must have an auditor?
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Does every limited company have to appoint an auditor to protect the shareholders?

They are not required by law to appoint an auditor to protect the shareholders, but many do. This is not only to protect the shareholders, but to protect the company as well.


Duties of an auditor in a company?

to access every activities (financial statement) of the compnay whether it is corrrect


What are the qualification for internal auditor under the Companies Act 1956?

Not specifically prescribed in company act 1956 but in company act 2011 it is recommended that internal auditor must be ca/cma or other professional suitable for internal audit in opinion of board.


What types of jobs will lead auditor training get me?

Lead auditor is a great way to develop a job as an auditor. This auditor training is a great way to become a auditor for energy that is being used by a company or individual.


Who appoints external auditors?

The members (shareholders) of a company appoint the auditor at an annual general meeting, or other general meetings of the company at which the financial statements are put forward for approval by the members. The appointment must be made by the end of the 28th day after the last date of which the accounts must be filed. If an auditor is not appointed within this time, the existing auditor is deemed to be reappointed, subject to certain condition. The exception to the above rule is where the directors appoint the auditor either to: - fill a casual vacancy, for example when the existing auditor resigns during the year; or - Appoint the first auditor between the date of incorporation and the first AGM or if the company qualifies to require an audit, before the next AGM. In both cases the member must then reappoint the auditors at the next AGM, by ordinary resolution (50%+ majority). Source: ICAEW


Who is Walt Disney company's auditor?

PricewaterhouseCoopers


What is the duty of an auditor?

Duties of internal auditor is to overview the internal control system in company to ensure sound internal control systems. Duty of external auditor is to examin the books of accounts and give verdict about true and fair nature of books of accounts.


What is an auditor a watchdog or a bloodhound?

The company's internal auditor is a watchdog, making sure rules are being followed. An external auditor is a bloodhound looking for rules that have been broken.


Must audited financial statements be signed by the auditor?

Yes audited financial statements are jointly signed by auditors as well as management of company as an acknowledgment.


Who can be and who can not be appointed as auditor of a company?

Led Zeppelin, of course.


Who is the auditor for Darden restaurant company?

Kpmg llp


Who is Walt Disney company external auditor?

PricewaterhouseCoopers