As per section 141(1) of the companies act,2013, a person shall be eligible for appointment as an auditor of a company only if he is a –
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Question 2 of 25
2. Question
1 points
Category: Fundamentals of Accounting & Auditing
Which of the following shall NOT be eligible for appointment as an auditor of a company as per section 141(3) of the companies act,2013?
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Question 3 of 25
3. Question
1 points
Category: Fundamentals of Accounting & Auditing
Which of the following shall NOT be eligible for appointment as an auditor of a company as per section 141(3) of the companies act, 2013?
1.A body corporate
2.Limited liability partnership
3.An officer of the company
4.An employee of the company
5.A person who is a partner of an officer or employee of the company
6.A person who is in the employment of an officer or employee of the company
7. A person who is indebted to the company in excess of Rs2lakhs but below Rs5 lakhs
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Question 4 of 25
4. Question
1 points
Category: Fundamentals of Accounting & Auditing
Which of the following shall be eligible for appointment as an auditor of a company as per section 141(3) of the companies act, 2013?
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Question 5 of 25
5. Question
1 points
Category: Fundamentals of Accounting & Auditing
Which of the following services can be rendered by auditor of a company as per section 144 of the companies act, 2013?
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Question 6 of 25
6. Question
1 points
Category: Fundamentals of Accounting & Auditing
A person is disqualified to be appointed as auditor who, or his relative or partner is indebted to the company, or its subsidiary, or its holding or associate company or a subsidiary of such holding company, in excess of ….
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Question 7 of 25
7. Question
1 points
Category: Fundamentals of Accounting & Auditing
Which of the following independent case mr.Ram can be appointed as auditor of the XYZ Ltd. as per companies act, 2013?
1.Relative of mr.ram hold securities of Rs50,000 in XYZ Ltd
2.Mr. Y, the partner of mr.Ram has debt payable to PQR Ltd.(subsidiary of XYZ Ltd) of Rs 3,00,000
3.Mr. Z, the partner of mr.Ram is working as general manager in XYZ Ltd
4.Mr,B has taken loan of Rs 2 lakh from XYZ Ltd. and relative of Mr,Ram has given guarantee for this transaction
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Question 8 of 25
8. Question
1 points
Category: Fundamentals of Accounting & Auditing
Which of the following is right if auditor?
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Question 9 of 25
9. Question
1 points
Category: Fundamentals of Accounting & Auditing
The auditor shall be entitled to enquire from the …. of the company such information and explanation as he thinks necessary for the performance of his duties as auditor
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Question 10 of 25
10. Question
1 points
Category: Fundamentals of Accounting & Auditing
Which of the following is/are duties of auditor?
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Question 11 of 25
11. Question
1 points
Category: Fundamentals of Accounting & Auditing
The auditor should also ensure the adherence of auditing standards as specified by the –
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Question 12 of 25
12. Question
1 points
Category: Fundamentals of Accounting & Auditing
Which of the following rights are available to auditor of the company as per the provisions of the companies act,2013?
1.Right to sign the audit report
2.Right to speak at general meeting
3.Right to attend general meeting
4.Right to advice company on their financial policies
5.Right to visit branch office
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Question 13 of 25
13. Question
1 points
Category: Fundamentals of Accounting & Auditing
Which of the following persons can sign the audit report?
1.person appointed as auditor of the company
2.manager of the firm if he is qualified chartered accountant
3.Any partner where firm is appointed as auditor
4.Senior most employee partner where firm is appointed as partner
5.Any partner of the firm if and only if he is in practice for more than five years
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Question 14 of 25
14. Question
1 points
Category: Fundamentals of Accounting & Auditing
Unqualified opinion also known as –
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Question 15 of 25
15. Question
1 points
Category: Fundamentals of Accounting & Auditing
Where there is a situation where auditor is not in a position to collect sufficient appropriate audit evidence which enables him to draw his conclusion then it is proper for the auditor to … an opinion due to lack of sufficient appropriate audit evidence
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Question 16 of 25
16. Question
1 points
Category: Fundamentals of Accounting & Auditing
In case the information necessary for the performance of his duties as auditor is not supplied to the auditor, he can report the same to the –
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Question 17 of 25
17. Question
1 points
Category: Fundamentals of Accounting & Auditing
Auditors opinion may be …..
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Question 18 of 25
18. Question
1 points
Category: Fundamentals of Accounting & Auditing
Which of the following is not essential of audit report ?
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Question 19 of 25
19. Question
1 points
Category: Fundamentals of Accounting & Auditing
Where as a result of the examination of the books of account, the auditor concludes that he does not agree with the true and fair view of financial statements under adult , he express –
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Question 20 of 25
20. Question
1 points
Category: Fundamentals of Accounting & Auditing
Adverse opinion also known as –
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Question 21 of 25
21. Question
1 points
Category: Fundamentals of Accounting & Auditing
Where auditor does not have any reservation, objection regarding the information under audit, then he issues an ….
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Question 22 of 25
22. Question
1 points
Category: Fundamentals of Accounting & Auditing
Under section 143(2) of the companies act,2013, the auditor shall make a report to the … of the company
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Question 23 of 25
23. Question
1 points
Category: Fundamentals of Accounting & Auditing
Who can sigh audit report ?
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Question 24 of 25
24. Question
1 points
Category: Fundamentals of Accounting & Auditing
Which of the following is right of auditor?
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Question 25 of 25
25. Question
1 points
Category: Fundamentals of Accounting & Auditing
Disclaimer of opinion means –
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