Auditing Corporate Governance MCQs and Notes
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Q 131. Future oriented, independent and systematic evaluation of the activities of all levels of management for the purpose of improving organizational profitability and increasing the attainment of other organizational objectives is known as
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Q 132. According to section 44AB,Tax Audit is to be conducted by an
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Q 133. The audit of financial records to ascertain the correctness of taxable profits means
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Q 134. Cost audit helps in settlement of trade disputes. This is the advantage for
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Q 135. Cost audit is the verification of the correctness of cost accounts and adherence to the cost accounting plan. This concept is given by
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Q 136. An appointed auditor may be removed from his office either in accordance with the provisions and as per restrictions imposed by the
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Q 137. The ------- can be removed after the expiry of his term of office,as per the procedures laid down in section 225.
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Q 138. If the auditor is unable to draw reasonable assurance, he should either withdraw from engagement if permitted by law or disclaim his opinion, is given in which Standard on Auditing.
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Q 139. Compliance with standard of Auditing is the responsibility of
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Q 140. Selecting and printing audit samples, comparing data on separate files, comparing audit data with clients records
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