Economics · Auditing
Under the Companies Act, 2013, can a Chartered Accountant (CA) audit the accounts of a company in which they hold shares or securities?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1No, unless the CA is a government-appointed auditor.
- 2Yes, if the total face value of the shares held does not exceed 1 lakh rupees.
- 3No, because holding any security or interest in the company creates a statutory disqualification.✓
- 4Yes, if the company's management grants special permission.
Correct answer
No, because holding any security or interest in the company creates a statutory disqualification.
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