11. According to Section ___ Special Audit is conducted at the central government October 4, 2025 by Admin A. Section 233(A) B. Section 233(B) C. Section 242(A) D. Section 242(B) ✅ The correct answer is option C.
12. Retiring auditor does not have right to – October 4, 2025 by Admin A. Make written representations B. Get his representation circulated C. Be heard at the meeting D. Speak as member of company ✅ The correct answer is option A.
13. Which of the following statements is not correct regarding removal of first auditor before expiry of the term? October 4, 2025 by Admin A. He is removed at general meeting B. Shareholders are authorized to do so C. The approval of central government is required for such removal D. The provision for such removal is contained in Section 224 (7) ✅ The correct answer is option C.
14. Vouching implies – October 4, 2025 by Admin A. Inspection of receipts B. Examination of vouchers to check authenticity of records C. Surprise checking of accounting records D. Examining the various assets ✅ The correct answer is option B.
15. Errors of omission are – October 4, 2025 by Admin A. Technical errors B. Error of principle C. Compensating error D. none of these ✅ The correct answer is option A.
16. AAS refers to – October 4, 2025 by Admin A. Audit evidence B. Audit Planning C. Risk assessments &Internal control D. Knowledge of business ✅ The correct answer is option D.
17. A company auditor should see that the dividend is paid – October 4, 2025 by Admin A. After charging depreciation B. Without charging depreciation C. Out of capital D. None of the above. ✅ The correct answer is option A.
18. “Auditor is not valuer.” This statement was stated in – October 4, 2025 by Admin A. Kingston Cotton Mill Case B. London & General Bank Case C. Lee VS Neuchatel Co. LTD Case D. London Oil Storage Co.LTDCase ✅ The correct answer is option A.
19. The term Standard Auditing Practices refers – October 4, 2025 by Admin 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.
20. Interim audit refers to – October 4, 2025 by Admin A. Examination of accounts continuously B. Examination of accounts intermittently C. Audit work to find out & check interim profits of a company D. Carrying on audit for bonus purposes at the end of year ✅ The correct answer is option C.