Eligibility or Qualifications of the Auditor

• A person shall be eligible for appointment as an auditor of a company only if he is a chartered accountant.

• A firm whereof majority of partners practising in India are chartered accountants may be appointed by its firm name to be auditor of a company.

• If a limited liability partnership firm is appointed as an auditor of a company, only the partners who are chartered accountants shall be authorised to act and sign on behalf of the firm.