A. Audit of one branch each of two different companies
B. Joint audit
C. Audit head office & branches
D. Audit of one or more branches of a company
✅ The correct answer is option A.
185. The auditor of a Government company is appointed by the C & AG. His remuneration is fixed by__
A. The C & AG
B. The shareholders
C. The shareholders at an annual general meeting
D. The board of directors
✅ The correct answer is option B.
184. The section which contains provisions regarding remuneration of the auditor is_
A. Section 224(9)
B. Section 224(7)
C. Section 224(8)
D. Section 224(6)
✅ The correct answer is option C.
183. The authority to remove the first auditor before the expiry of term is with_
A. The shareholders in a general meeting
B. The shareholders in the first annual General meeting
C. The board of directors
D. the Central Government
✅ The correct answer is option A.
182. Which of the following statements is not correct regarding removal of first auditor before expiry of the term?
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)
✅ The correct answer is option C.
181. The retiring auditor does not have a right to___
A. make written representations
B. get his representations circulated.
C. be heard at the meeting
D. speak as a member of the company
✅ The correct answer is option D.
180. Who out of the following cannot be appointed as a statutory auditor of the company?
A. Erstwhile director
B. Internal auditor
C. Relative of a director
D. Only (b) and (c)
✅ The correct answer is option B.
179. A statutory auditor has a right of access at all times to
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
✅ The correct answer is option C.
178. The auditor has a right to
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)
✅ The correct answer is option D.
176. The principal auditor, as per clarification issued by the ICAI, does not have any right to
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
✅ The correct answer is option A.