Special audit is conducted at the order of the Central Government. Which section gives such powers?
Options:
| a) Section 233(A) b) Section 233A c) Section 242(A) d) Section 242A |
The Correct Answer Is:
- c) Section 242(A)
Reference Notes for Management
Options:
| a) Section 233(A) b) Section 233A c) Section 242(A) d) Section 242A |
Options:
| a) Unlimited liability b) Manufacturing c) Banking d) Non-profit making |
Looking for the answer to the question below related to Company Auditor ? The branch auditor is appointed by – Options: a) Shareholders in an annual general meeting b) Shareholders in general meeting c) Board of directors in board meeting d) Any of the above The Correct Answer Is: b) Shareholders in general meeting … Read more
Looking for the answer to the question below related to Company Auditor ? Which of the following statements with regard to rules regarding exemption from branch audit is not true? Options: a) A branch office of a company can be granted exemption on the basis of quantum of activity criterion b) If a satisfactory arrangement of … Read more
Options:
| a) Section 222(3) b) Section 228(2) c) Section 228(4) d) Section 228(3) |
Options:
| a) Section 227(4A) b) Section 227 (IA) c) Section 227 (2) d) Section 227(3) |
b) Section 227 (IA)
Options:
| a) Inspect working papers of the branch auditor b) Visit branches c) Seek information necessary for audit purposes d) Incorporate the branch audit report in his audit report |
a) Inspect working papers of the branch auditor
Options:
| a) Obtain information and explanation b) Obtain information and explanation from the employees and officers c) Obtain information and explanation necessary for the purpose of audit d) Both (b) and (c) |
d) Both (b) and (c)
Options:
| a) Books and accounts of a company b) Books, accounts and documents of the company c) Books, accounts and vouchers of the company d) Notices and documents of the company |
c) Books, accounts and vouchers of the company
Options:
| a) Erstwhile director b) Internal auditor c) Relative of a director d) Only (b) and (c) |
Options:
| a) make written representations b) get his representations circulated. c) be heard at the meeting d) speak as a member of the company |
d) speak as a member of the company
Options:
| a) He is removed at a general meeting b) The shareholders are authorized to do so c) The approval of the Central Government is required for such removal d) The provisions for such removal are contained in section 224(7) |
c) The approval of the Central Government is required for such removal