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Appointment of Auditor is very important in a company that analyses and understands company's financial records which to deliver effective analyses and relevant information. Management can use this information to evaluate the company and implement measures necessary to meet their objectives.
Assess risks, economy, efficiency, quality and improve a company’s efficiency and profitability by helping the management better understand their own working and financial systems.
At ebizfiling, we have a separate wing of experts handling matter for Appointment of Auditor, providing our expert help at every stage of the process.
Few points to make your
Analyses of Financial Records
Identifies weakness of company
Helps run a small business
Strengthen Internal Control
Reduces cost of capital
Lessens Financial risk
Increases production output
True and fair view of company
To know solvency of company
Uncover fraudulent activities
Illegal activities within company
Educates Business owners
Current accounting issues
Provides accounting information
A small procedure for your
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I have just incorporated a Company. When do I appoint the first Auditor of the Company and how?
First auditor shall be appointed by the Board within a period of 30 days from the date of registration of Company.
What if the Board is not able to appoint the first Auditor within 30 days of incorporation?
If the Board fails to appoint, then it shall inform the members about the same. The members shall within a period of 90 days, at an extraordinary general meeting, appoint an auditor.
What would be tenure of first auditor?
First auditor, appointed as above, shall hold the office till the conclusion of first Annual General Meeting.
Can we appoint Auditor for a term which is less than 5 years?
Yes, an auditor can be appointed for a term which is less than five years.
What would be tenure of auditor appointed in casual vacancy?
Auditor appointed in casual vacancy shall hold the office till the conclusion of next Annual General Meeting.
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