SSC

A. Equity shares or debentures of the company

B. Equity shares carrying voting of the company

C. Shares carrying voting rights of the company

D. Security carrying voting rights of the company

A. Reduce inherent risk

B. Identify problem areas

C. Evaluate reasonableness of estimates

D. Evaluate appropriates of GAAP.

A. A partnership firm can be appointed as a statutory auditor of limited company

B. Appointment can be made in the name of the firm

C. Majority of the partners should be practicing in India

D. All partners should be chartered accountants

A. A flowchart of the internal controls

B. Organisation charts

C. A copy of financial statements

D. Copies of bond and debentures

A. Section 226 (1) and section 226(2)

B. Section 224 (1) and section 224 (2)

C. Section 226 (3) and section 226(4)

D. Section 224(3) & Sec.224

A. The working papers may be obtained by third parties when they appear to be relevant to issues raised in litigation

B. The safe custody of working papers is the responsibility of client, if kept at his premises

C. The working papers must be retained by an audit firm for a period of 10 years

D. Successor auditors may have access to working papers of the predecessor auditors. The approval of client is not required.

A. Directors of the company

B. Members of the company

C. The Central Government

D. All of the above

A. The assessed level of control risk

B. The possibility of peer review

C. The nature of auditor’s report

D. The content of management representation letter

A. Randomly

B. Disproportionately

C. Directly

D. Inversely

A. For the time period the entity remains a client of the audit firm.

B. For a period of ten years

C. For a period auditor opines them to be useful in servicing the client

D. For the period the audit firm is in existence.