- 1 Marks
BCL – L1 – SA – Q78 – Accounts and Audit
Question
Accounts of a company must be audited by an
A Chartered Accountant
B Auditor
C Board of Directors
D All of these
Answer
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.
- Tags: Audit, Auditor Qualifications, Company Law
- Level: Level 1
- Topic: Accounts and Audit
- Uploader: Samuel Duah