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204. Which of the following will not lead to creation of secret reserve?

October 4, 2025 by Admin
A. Undervaluation of closing stock
B. Charging capital expenditure to revenue
C. Goods sent on consignment being shown as actual sales
D. Charging higher rates of depreciation on fixed assets than actually required
✅ The correct answer is option C.
Categories Auditing, SSC Tags Auditing MCQs, SSC MCQs Leave a comment

203. Who is responsible for the appointment of statutory auditor of a limited company?

October 4, 2025 by Admin
A. Directors of the company
B. Members of the company
C. The Central Government
D. All of the above
✅ The correct answer is option B.
Categories Auditing, SSC Tags Auditing MCQs, SSC MCQs Leave a comment

201. Which of the following sections deal with qualifications of the auditor ?

October 4, 2025 by Admin
A. Section 226 (1) and section 226(2)
B. Section 224 (1) and section 224 (2)
C. Section 226 (3) and section 226(4)
D. Section 224(3) & Sec.224
✅ The correct answer is option A.
Categories Auditing, SSC Tags Auditing MCQs, SSC MCQs Leave a comment

199. Which of the following statement is not true?

October 4, 2025 by Admin
A. A partnership firm can be appointed as a statutory auditor of limited company
B. Appointment can be made in the name of the firm
C. Majority of the partners should be practicing in India
D. All partners should be chartered accountants
✅ The correct answer is option C.
Categories Auditing, SSC Tags Auditing MCQs, SSC MCQs Leave a comment

197. As per the requirements of section 226(3) and 226(4) a person is disqualified from being appointed as a statutory auditor if he holds

October 4, 2025 by Admin
A. Equity shares or debentures of the company
B. Equity shares carrying voting of the company
C. Shares carrying voting rights of the company
D. Security carrying voting rights of the company
✅ The correct answer is option D.
Categories Auditing, SSC Tags Auditing MCQs, SSC MCQs Leave a comment

195. The board of directors shall appoint first auditor of a company

October 4, 2025 by Admin
A. Within one month of completion of capital subscription state of the company
B. Within one month of the promotion of the company
C. Within one month of the commencement of the business of the company
D. Within one month of incorporation of the company
✅ The correct answer is option D.
Categories Auditing, SSC Tags Auditing MCQs, SSC MCQs Leave a comment

177. The term of the auditor ship of first auditor would be from the date of appointment till__

October 4, 2025 by Admin
A. the conclusion of statutory meeting
B. the conclusion of first annual general meeting
C. the conclusion of next annual general meeting
D. the date of removal
✅ The correct answer is option B.
Categories Auditing, SSC Tags Auditing MCQs, SSC MCQs Leave a comment

175. In case the directions fail to appoint first auditor (s), the shareholders shall appoint them at…..by passing a resolution

October 4, 2025 by Admin
A. a general meeting
B. first annual general meeting
C. statutory meeting
D. annual general meeting
✅ The correct answer is option A.
Categories Auditing, SSC Tags Auditing MCQs, SSC MCQs Leave a comment

173. Which of the following statement is not true regarding appointment of statutory auditor by the Central Government?

October 4, 2025 by Admin
A. Such powers have been conferred upon it by section 224(3)
B. If a company fails to appoint an auditor at a general meeting
C. If an auditor refuses to accept appointment, the powers of the Central
D. None of the above
✅ The correct answer is option B.
Categories Auditing, SSC Tags Auditing MCQs, SSC MCQs Leave a comment

191. If a casual vacancy in the office of auditor arises by his resignation it should only be filled by the company in a……..

October 4, 2025 by Admin
A. Board meeting
B. Extraordinary general meeting
C. General meeting
D. Annual general meeting
✅ The correct answer is option C.
Categories Auditing, SSC Tags Auditing MCQs, SSC MCQs Leave a comment
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