A. Cashbook
B. Balance book
C. Journal proper
D. None of above.
✅ The correct answer is option C.
28. First auditor of the company is appointed by the –
A. Shareholders
B. Central government
C. Company law board
D. Board of directors
✅ The correct answer is option D.
27. The vacancy caused by resignation at a auditor is filled by –
A. Board of directors
B. At the general meeting of shareholders
C. By the central government
D. By the company law board
✅ The correct answer is option B.
26. A special auditor is appointed by the –
A. Shareholders
B. Board of directors
C. Central government
D. CAG
✅ The correct answer is option C.
25. A remuneration of a company auditor is fixed by the –
A. Shareholders
B. Board of directors
C. Central Government
D. Appointing authority
✅ The correct answer is option D.
24. Internal auditor has to submit report to –
A. Shareholders
B. Government
C. Company law board
D. none of above
✅ The correct answer is option D.
23. Auditor in general is –
A. Employee of the company
B. Agent of the company
C. Agent of the shareholders
D. None of the above
✅ The correct answer is option C.
21. Shares issued for consideration other than cash should be vouched with help of –
A. Directors minutes book
B. Shareholders minute’s book
C. Contract with the party concerned
D. Cash book
✅ The correct answer is option C.
19. The term Standard Auditing Practices refers –
A. Auditing techniques adopted by auditor for collecting & vouching evidences
B. Test checking
C. Standards of auditing
D. True & fair view
✅ The correct answer is option A.
16. AAS refers to –
A. Audit evidence
B. Audit Planning
C. Risk assessments &Internal control
D. Knowledge of business
✅ The correct answer is option D.