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Under the Companies Act 2013, what is the maximum consecutive term for an individual statutory auditor of a listed company?

  1. A One term of five consecutive years
  2. B Ten years
  3. C Three years
  4. D There is no limit
Answer

One term of five consecutive years

An audit firm may serve two terms of five years. Mandatory rotation is intended to preserve auditor independence.

All CA MCQs

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