Auditor and related provisions – Test 2

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 –

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?

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

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?

Which of the following services can be rendered by auditor of a company as per section 144 of the companies act, 2013?

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 ….

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

Which of the following is right if auditor?

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

Which of the following is/are duties of auditor?

The auditor should also ensure the adherence of auditing standards as specified by the –

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

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

Unqualified opinion also known as –

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

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 –

Auditors opinion may be …..

Which of the following is not essential of audit report ?

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 –

Adverse opinion also known as –

Where auditor does not have any reservation, objection regarding the information under audit, then he issues an ….

Under section 143(2) of the companies act,2013, the auditor shall make a report to the … of the company

Who can sigh audit report ?

Which of the following is right of auditor?

Disclaimer of opinion means –