Company Audit – Test 2

Which of the following statement is correct?

Which of the following statement is correct?

The Auditor appointed under section 139 of Companies Act 2013 may be removed from his office before the expiry of his term by_____________.

The application for removal of auditor before expiry of his term shall be made to Central Govt. within 30 days of_____________.

In case of removal of auditor before expiry of his term, the company shall hold the_____________within 6 days of receipt of approval of the Central Government for passing the___________.

The auditor who has resigned from the company shall file within a period of____________from the date of resignation, a statement in the Form________.

To appoint as auditor, a person other than a retiring auditor, who is eligible for reappointment,____________ is required.

Which of the following is qualified to be appointed as auditor of the company?

A person is disqualified to be appointed as auditor of the company if he himself or his relative or partner is indebted to the company for an amount exceeding Rs.____________.

A person is disqualified to be appointed as auditor of the company if he himself or his relative or partner has given any guarantee in connection with the indebtedness of any third person to the company for an amount exceeding Rs.____________.

A person is disqualified to be appointed as auditor of a company if he has been convicted by a court of an offence involving fraud and a period of_________years has not elapsed from the date of such conviction.

A person is disqualified to be appointed as auditor of a company if such person as at date of such appointment holding appointment of more than__________companies.

The remuneration of first auditor appointed by members of the company shall be fixed by__________.

Which of the following is correct?

In addition to listed companies, which of the following companies are required to constitute audit committee:

In which of the following cases, appointment of auditor shall be made after taking into account the recommendations of audit committee:

Every auditor of a company shall have a right of access at all times to_____________of the company whether kept at the registered office of the company or at any other place.

Every Auditor shall be entitled to require from the officers of the company such information and explanation as he may consider necessary for the performance of his duties as auditor. The term Officer as per Sec. 2(59) of Companies Act 2013 includes:

Which of following statement is correct?

Auditor is required to inquire which of the following matters under Section 143(1):

Auditor is required to inquire which of the following matters under Section 143(1):

Which of the following statements is correct?

Under Section 143(2) auditor is required to make a report to the members of the company on the following:

Under Section 143(3), auditor is required to report on following
1. Whether loans and advances made by the company have been shown as deposits.
2. Whether transactions represented by book entries are prejudicial.
3. Whether any director is disqualified from being appointed as director u/s 164(2)
4. Whether financial statements comply with the accounting Standards.
Correct answer is:

As per Sec. 164(2) of Companies Act 2013, a person becomes disqualified to be appointed as director in a company if the company in which he is a director has not filed:

CAG shall within___________from the date of receipt of the auditor report have a right to conduct a supplementary audit.

As per Sec. 143(9) of Companies Act 2013, every auditor shall comply with____________.

Under Section 143(12) of Companies Act 2013, if an auditor of a company in the course of the performance of his duties as auditor, has reason to believe that an offence involving fraud is being or has been committed against the____________he shall immediately report the matter to the_____________.

If the auditor does not report u/s 143(2) with respect to fraud, he shall be punishable with fine ranging from:

Report u/s 143(12) with respect to fraud shall be sent to