Admin

188. Which of the following is counted for the purposes of section 224(IB) the number of partners of a firm which shall be taken into account would be as on the data of ___

A. Joint audit

B. Audit to non-profit companies

C. Audit of unlimited companies

D. All of the above

✅ The correct answer is option D.

189. For the purposes of section 224(IB) the number of partners of a firm which shall be taken into account would be as on the date of _

A. Completion of audit

B. Auditor’s report

C. Acceptance of audit

D. Starting of audit work

✅ The correct answer is option C.

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

A. Board meeting

B. Extraordinary general meeting

C. General meeting

D. Annual general meeting

✅ The correct answer is option C.

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

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.

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

A. a general meeting

B. first annual general meeting

C. statutory meeting

D. annual general meeting

✅ The correct answer is option A.

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

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.

159. The date on auditor’s report should not be__

A. The data of AGM

B. Later than the date on which the accounts are approved in board’s meeting

C. Earlier than the date on which the accounts are approved by the management

D. Both (a) and (b)

✅ The correct answer is option C.

160. As per the ‘Statement on Qualification in Auditor’s Report’s issued by the ICAI, the auditor, Under section 227(3) has to gave a statement of fact on_

A. Proper books of account

B. Accounting standards

C. Cess payable under section 441A

D. None of the above

✅ The correct answer is option C.

161. If any director is disqualified from being appointed under section 274(1) (g), the auditor should mention this fact in his audit report. For this purpose, how does he determine their eligibility :

A. He obtains a representation from each director

B. He obtains a management representation

C. He enquiries from Registrar of Companies

D. Any one of the above

✅ The correct answer is option A.

162. The scope of the audit including reference to the pronouncements of the ICAI, which the auditor adheres to, generally is communicated to the client in the ____ i) auditor’s report ii) engagement letter iii) representation letter

A. i) only

B. Both (i) and (ii)

C. Both (i) and (iii)

D. All the above

✅ The correct answer is option B.

Author name: Admin