40. A vacancy caused by resignation of an auditor is filled by :
A. Board of directors.
B. Managing director.
C. General meeting.
D. Central government.
✅ The correct answer is option C.
42. A company auditor can be removed by :
A. Board of directors.
B. Managing director.
C. Any director.
D. General Meeting.
✅ The correct answer is option D.
44. Auditors of a joint stock company are appointed by :
A. Directors of the company.
B. Annual general meeting.
C. Election at the annual general meeting.
D. Debenture holders.
✅ The correct answer is option C.
37. Sale of Rs.50,000 to ‘A’ was entered as a sale to ‘B’. This is an example of –
A. Error of omission
B. Error of commission
C. Compensating error
D. Error of Principle.
✅ The correct answer is option B.
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.
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.
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.
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.
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.
29. Outstanding expenses should be verified with the help of –
A. Cashbook
B. Balance book
C. Journal proper
D. None of above.
✅ The correct answer is option C.