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Appointment of Statutory Auditors Policypg. 1Table of Content Contents 1.Objective: .......................................................................................................................................................................................

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What is appointment of statutory auditors?

The appointment of statutory auditors refers to the formal process by which a company designates auditors to examine its financial statements and ensure compliance with relevant laws and regulations. This appointment is required to maintain transparency and accountability within the company's financial reporting.

Who is required to file appointment of statutory auditors?

All companies that are required to appoint statutory auditors under the Companies Act or relevant legislation are required to file the appointment of statutory auditors. This generally includes public and private companies above a certain size threshold.

How to fill out appointment of statutory auditors?

To fill out the appointment of statutory auditors, one must complete the designated forms provided by the respective regulatory body, providing details such as the auditor's name, registration number, duration of appointment, and any other required information as per the specific regulations.

What is the purpose of appointment of statutory auditors?

The purpose of appointing statutory auditors is to ensure that a company's financial records are accurate, comply with accounting standards, and reflect a true and fair view of the company's financial position. Statutory auditors also provide credibility to the financial statements for stakeholders.

What information must be reported on appointment of statutory auditors?

The information that must be reported includes the auditor's name, their firm details, the period of appointment, the date of the board meeting in which the appointment was made, and any resolutions passed regarding the appointment.

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