| authorized auditor An individual granted authorization by the Board of Trade or the Secretary of State to be the auditor of a company under the Companies Act 1967. Authorizations were granted to individuals not otherwise eligible to act as auditors on the basis of their experience. The power to grant authorizations ended in April 1978. Under the Companies Act 1989 an authorized auditor is eligible for appointment as an auditor of an unquoted company but is not qualified to be the auditor of any other company. See also: auditor. |