Auditing Corporate Governance MCQs and Notes

M

Mr. Dubey • 52.30K Points
Coach

Q 61. A comprehensive and critical review of all aspects of management process

(A) Cost Audit
(B) Tax Audit
(C) Management Audit
(D) Internal Audit

M

Mr. Dubey • 52.30K Points
Coach

Q 62. The verification of the correctness of cost accounts and of adherence to the cost accounting plan is known as

(A) Cost Audit
(B) Tax Audit
(C) Management Audit
(D) Internal Audit

M

Mr. Dubey • 52.30K Points
Coach

Q 63. The Cost auditor has to serve the interest of

(A) Shareholders
(B) Management
(C) State Government
(D) None of the above

M

Mr. Dubey • 52.30K Points
Coach

Q 64. Compulsory Tax Audit U/S 44AB is applicable for

(A) 8 categories of Assessees
(B) 6 categories of Assessees
(C) 2 categories of Assessees
(D) 4 categories of Assessees

M

Mr. Dubey • 52.30K Points
Coach

Q 65. The Management Auditor has to submit the audit report to

(A) Shareholders
(B) Company Law Board
(C) Management
(D) State Government

M

Mr. Dubey • 52.30K Points
Coach

Q 66. The Cost auditor is concerned mainly with accounts related to

(A) Cost
(B) Finance
(C) Both cost & finance
(D) None of the above

M

Mr. Dubey • 52.30K Points
Coach

Q 67. A Tax Auditor of a firm/proprietary concern is appointed by

(A) A Partner
(B) The Proprietor
(C) A person authorized by the assessee
(D) All of the above

M

Mr. Dubey • 52.30K Points
Coach

Q 68. Report of Cost audit should be submitted to

(A) Shareholders
(B) Company Law Board
(C) Central Government
(D) All of the above

M

Mr. Dubey • 52.30K Points
Coach

Q 69. Management Audit means

(A) Audit undertaken on behalf of the management
(B) Evaluating performance of various management processes & functions
(C) Compulsory audit of company management
(D) All of the above

M

Mr. Dubey • 52.30K Points
Coach

Q 70. A Cost Auditor is appointed by the

(A) Board of Directors
(B) Shareholders
(C) Central Government
(D) C&A-G

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