BCL – L1 – SA – Q78 – Accounts and Audit

Accounts of a company must be audited by an

A   Chartered Accountant

B   Auditor

C   Board of Directors

D   All of these

B

Explanation:
The correct answer is B because a company’s accounts must be audited by a qualified auditor, who is typically a professional with relevant certifications. While a chartered accountant (A) may be an auditor, not all auditors are chartered accountants, and the term “auditor” is more specific. The board (C) does not audit, and D is incorrect as only B applies.