Auditing Corporate Governance MCQs and Notes

M

Mr. Dubey • 52.30K Points
Coach

Q 71. Sub-section (1A) of section 227 of the Companies Act specifies -----matters, which are required to be looked into by a company auditor.

(A) 6
(B) 7
(C) 2
(D) 4

M

Mr. Dubey • 52.30K Points
Coach

Q 72. Section ---- of the companies Act governs the audit of branch offices.

(A) 228(1)
(B) 228(2)
(C) (a) and (b)
(D) 228

M

Mr. Dubey • 52.30K Points
Coach

Q 73. The civil liability of an auditor can be for

(A) Negligence
(B) Misfeasance
(C) Negligence and misfeasance
(D) None of the above.

M

Mr. Dubey • 52.30K Points
Coach

Q 74. Select which one is not under the right of an Auditor

(A) Right to obtain information and explanation
(B) Right to visit branch office
(C) Right to sign the audit report
(D) Right to select the next auditor

M

Mr. Dubey • 52.30K Points
Coach

Q 75. The first auditor of a company, other than a Government company, shall be appointed by

(A) Shareholders
(B) CEO
(C) AGM
(D) Board of Directors.

M

Mr. Dubey • 52.30K Points
Coach

Q 76. ___________of the Companies act 2013 lays down provisions regarding the eligibility of appointment of an auditor.

(A) Sec 141
(B) Sec 142
(C) Sec 143
(D) Last auditor

M

Mr. Dubey • 52.30K Points
Coach

Q 77. Civil liability of an auditor implies liability for

(A) Misappropriation of cash
(B) Misappropriation of goods
(C) Fraud
(D) Sec 144

M

Mr. Dubey • 52.30K Points
Coach

Q 78. A vacancy caused by resignation of the auditor is filled only

(A) By Board of Directors
(B) At the general meeting of shareholders
(C) By the Central Government
(D) Misfeasance

M

Mr. Dubey • 52.30K Points
Coach

Q 79. An auditor is liable held criminally liable for

(A) Loss to his client
(B) Neglect of his duty
(C) Offences against statutory provision
(D) By the Company Law Board

M

Mr. Dubey • 52.30K Points
Coach

Q 80. Internal auditor has to submit report to

(A) Shareholders
(B) Government
(C) Company Law Board
(D) None of the above

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