As per Sec.177 of Companies Act, 2013 which of the following companies are required to constitute audit committee:
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Question 2 of 25
2. Question
1 points
Category: Advanced Auditing & Professional Ethics
As per Sec 177 of Companies Act, 2013, audit committee shall consist of minimum of:
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Question 3 of 25
3. Question
1 points
Category: Advanced Auditing & Professional Ethics
As per proviso to Sec. 177(4)(iv), in case any transaction involving any amount not exceeding Rs 1Cr. is entered into by a director or officer of the company without obtaining the approval of the Audit Committee and it is not ratified by the Audit Committee within 3 months from the date of the transaction,
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Question 4 of 25
4. Question
1 points
Category: Advanced Auditing & Professional Ethics
As per Regulation 18 of SEBI(LODR) Regulations, 2015, audit committee shall consist of minimum of:
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Question 5 of 25
5. Question
1 points
Category: Advanced Auditing & Professional Ethics
As per Regulation 18 of SEBI(LODR) Regulations, 2015, audit committee shall meet at least ___ in a year and not more than____ shall elapse between two meetings.
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Question 6 of 25
6. Question
1 points
Category: Advanced Auditing & Professional Ethics
Which of the following does not fall in mandatory review area of Audit committee?
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Question 7 of 25
7. Question
1 points
Category: Advanced Auditing & Professional Ethics
Regulations 17 to 27 of SEBI(LODR) Regulations, 2015 relating to Corporate Governance shall be applicable on:
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Question 8 of 25
8. Question
1 points
Category: Advanced Auditing & Professional Ethics
As per Regulation 17 of SEBI(LODR) Regulations, 2015, the Board of Directors of the company shall have an optimum combination of executive and non-executive directors with at least ____ and not less than 50% of the Board of Directors comprising ______.
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Incorrect
Question 9 of 25
9. Question
1 points
Category: Advanced Auditing & Professional Ethics
Which of the following is incorrect in relation to constitution of Nomination and Remuneration Committee as per Regulation 19 of SEBI(LODR) Regulations, 2015:
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Question 10 of 25
10. Question
1 points
Category: Advanced Auditing & Professional Ethics
As a part of Corporate Governance compliance under SEBI(LODR) Regulations, 2015, CEO/CFO shall make a certificate to the Board. which of the following is not a part of CEO/CFO certification?
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Incorrect
Question 11 of 25
11. Question
1 points
Category: Advanced Auditing & Professional Ethics
As per SEBI(LODR) Regulations, 2015, the Board of Directors of the company shall have an optimum combination of executive and non-executive directors with _____ and not less than ____ of the Board of Directors comprising non-executive directors.
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Incorrect
Question 12 of 25
12. Question
1 points
Category: Advanced Auditing & Professional Ethics
As per SEBI(LODR) Regulations, 2015, where the chairperson of the Board is a non-executive director, at least ____ should comprise independent directors and in case the company does not have a regular non-executive chairman, at least ____ should comprise independent directors.
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Incorrect
Question 13 of 25
13. Question
1 points
Category: Advanced Auditing & Professional Ethics
As per SEBI(LODR) Regulations, 2015, the board of directors shall constitute the nomination and remuneration committee comprising of at least ___; all directors of the committee shall be ___ and at least ___ of the directors shall be independent directors.
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Incorrect
Question 14 of 25
14. Question
1 points
Category: Advanced Auditing & Professional Ethics
As per SEBI(LODR) Regulations, 2015, the board of directors shall constitute a Risk Management committee. The majority of members of Risk Management Committee shall consist of members of the _____.
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Incorrect
Question 15 of 25
15. Question
1 points
Category: Advanced Auditing & Professional Ethics
As per SEBI(LODR) Regulations, 2015, provisions relating to Risk Management Committee shall be applicable to ____.
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Incorrect
Question 16 of 25
16. Question
1 points
Category: Advanced Auditing & Professional Ethics
As per SEBI(LODR) Regulations, 2015, the listed entity shall formulate a vigil mechanism for ____ to report genuine concerns.
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Incorrect
Question 17 of 25
17. Question
1 points
Category: Advanced Auditing & Professional Ethics
Regulations 17 to 27 and 46(2) of SEBI(LODR) Regulations, 2015 dealing with Corporate Givernance requirements shall be applicable to all companies whose securities are listed on a recognized stock exchange. However, compliance is not required, in respect of the companies having paid uo equity share capital not exceeding ____ and Net Worth not exceeding ___, as on the last day of the previous financial year.
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Incorrect
Question 18 of 25
18. Question
1 points
Category: Advanced Auditing & Professional Ethics
As per SEBI(LODR) Regulations, 2015, the listed entity shall submit a quarterly compliance report on corporate governance to the recognized stock exchange within ______.
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Incorrect
Question 19 of 25
19. Question
1 points
Category: Advanced Auditing & Professional Ethics
Quarterly compliance report on corporate governance submitted to the stock exchanges shall be signed
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Incorrect
Question 20 of 25
20. Question
1 points
Category: Advanced Auditing & Professional Ethics
As per SEBI(LODR) Regulations, 2015, the company shall obtain a certificate regarding compliance of conditions of corporate governance from ______ and annex the certificate with the directors’report, which is sent annually to all the shareholders of the company.
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Incorrect
Question 21 of 25
21. Question
1 points
Category: Advanced Auditing & Professional Ethics
ABC Ltd. is a listed entity and number of directors in the company is 10. Audit committee formed by the company with the minimum requirement of directors and independent directors as per the requirements of Sec. 177 of Companies Act, 2013 and Regulation 18 of SEBI(LODR) Regulations, 2015. The number of independent directors in the audit committee of the company must be.
Correct
Incorrect
Question 22 of 25
22. Question
1 points
Category: Advanced Auditing & Professional Ethics
Which of the following does fall in mandatory review area of Audit committee?
Correct
Incorrect
Question 23 of 25
23. Question
1 points
Category: Advanced Auditing & Professional Ethics
As per SEBI(LODR) Regulations, 2015, the quarterly and year to date results shall be prepared in accordance with the recognition and measurement principles laid down in
Correct
Incorrect
Question 24 of 25
24. Question
1 points
Category: Advanced Auditing & Professional Ethics
Audit matters of governance interest to be communicated by the auditor to the board or audit committee ordinarily include all the following except:
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Incorrect
Question 25 of 25
25. Question
1 points
Category: Advanced Auditing & Professional Ethics
The quarterly financial results submitted to the Stock Exchange shall be approved by
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Incorrect
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