An auditor may function as –
I.An employee
II.An independent professional
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Question 2 of 25
2. Question
1 points
Category: Fundamentals of Accounting & Auditing
Where the vacancy is caused by resignation of auditor, the appointment of auditor shall also be approved by the company at a …. convened within ….. of the recommendation of the board and he shall hold the office till the conclusion of the …..
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Question 3 of 25
3. Question
1 points
Category: Fundamentals of Accounting & Auditing
When the auditors works for the organization, is usually referred to as …
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Question 4 of 25
4. Question
1 points
Category: Fundamentals of Accounting & Auditing
“Casual Vacancy” in relation to auditor means vacancy which arises due to –
1.Resignation
2.Death
3.Disqualification of auditor
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Question 5 of 25
5. Question
1 points
Category: Fundamentals of Accounting & Auditing
When an independent professional outside the organization is appointed; he is know as –
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Question 6 of 25
6. Question
1 points
Category: Fundamentals of Accounting & Auditing
Which of the following section of the companies act,2013 contains provisions regarding the appointment of the auditor?
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Incorrect
Question 7 of 25
7. Question
1 points
Category: Fundamentals of Accounting & Auditing
Section 139 of the companies act,2013 generally auditors are appointed by –
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Incorrect
Question 8 of 25
8. Question
1 points
Category: Fundamentals of Accounting & Auditing
Though auditors are appointed equity shareholders in certain cases auditors can be appointed by –
I.Directors
II.Central government
III.Debentures holders
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Incorrect
Question 9 of 25
9. Question
1 points
Category: Fundamentals of Accounting & Auditing
As per section 139(6) of the companies act, 2013 provides that the first auditor or auditors are to be appointed by the …..
Correct
Incorrect
Question 10 of 25
10. Question
1 points
Category: Fundamentals of Accounting & Auditing
In which of the following case of casual vacancy, board of directors is authorized to fill up the vacancy?
I.Due to registration of auditor
II.Due to death of auditor
III.Due to disqualification of auditor
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Incorrect
Question 11 of 25
11. Question
1 points
Category: Fundamentals of Accounting & Auditing
Company ….. to send any intimation of appointment of first auditor to the registrar of companies (ROC)
Correct
Incorrect
Question 12 of 25
12. Question
1 points
Category: Fundamentals of Accounting & Auditing
In case board of directors fails to appoint the first auditors within 30 days of its incorporation, the company in …. .may appoint the first auditors
Correct
Incorrect
Question 13 of 25
13. Question
1 points
Category: Fundamentals of Accounting & Auditing
The article of association of a company ….. preclude the auditor team from availing himself of all information which is material to enable him to make his report and from fulfilling his statutory duties to the shareholders
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Incorrect
Question 14 of 25
14. Question
1 points
Category: Fundamentals of Accounting & Auditing
In case of board of directors fails to appoint the first auditors within … of its registration, the company shall within ….. at an …. appoint auditor
Correct
Incorrect
Question 15 of 25
15. Question
1 points
Category: Fundamentals of Accounting & Auditing
As per section 139(6) of the companies act, 2013 provides that the first auditor or auditors are to be appointed by the board of directors within ….. of the date of the registration of the company
Correct
Incorrect
Question 16 of 25
16. Question
1 points
Category: Fundamentals of Accounting & Auditing
The first auditor shall hold office till the conclusion of –
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Incorrect
Question 17 of 25
17. Question
1 points
Category: Fundamentals of Accounting & Auditing
Section 139(1) of the companies act, 2013 provides that …. must appoint an auditor
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Incorrect
Question 18 of 25
18. Question
1 points
Category: Fundamentals of Accounting & Auditing
Every company shall, at each annual general meeting, appoint an auditor or auditors to hold office from the conclusion of that meeting until the conclusion of –
Correct
Incorrect
Question 19 of 25
19. Question
1 points
Category: Fundamentals of Accounting & Auditing
A firm whereof majority of partners…. are qualified for appointment as aforesaid may be appointed by its firm name to be auditors of a company
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Incorrect
Question 20 of 25
20. Question
1 points
Category: Fundamentals of Accounting & Auditing
The company shall inform the auditor concerned of his or its appointment, and also file a notice of such appointment with the registrar within …. of the meeting in with the auditor is appointed
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Incorrect
Question 21 of 25
21. Question
1 points
Category: Fundamentals of Accounting & Auditing
Section 139(1) of the companies act,2013 provides that every company must appoint … as an auditor
1.An individual
2.A firm
3.A firm having at least three partners
4.Body corporate
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Incorrect
Question 22 of 25
22. Question
1 points
Category: Fundamentals of Accounting & Auditing
Section 139(8) of the companies act,2013 provides that the casual vacancy in the office of auditor may be filled by the –
Correct
Incorrect
Question 23 of 25
23. Question
1 points
Category: Fundamentals of Accounting & Auditing
Section 139(8) of the companies act,2013 provides that the casual vacancy in the office of auditor may be filed by the board within….. of such vacancy
Correct
Incorrect
Question 24 of 25
24. Question
1 points
Category: Fundamentals of Accounting & Auditing
Which of the following section of the Companies Act, 2013 contains provision as regards to qualifications of auditors?
Correct
Incorrect
Question 25 of 25
25. Question
1 points
Category: Fundamentals of Accounting & Auditing
Which of the following section of the Companies Act, 2013 contains provisions relating to disqualifications of auditors?
Correct
Incorrect
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