Types of audit – Test 2

…….. of the Companies Act, 2013 contains provisions regarding the appointment of the auditor

Section 139 of the companies act, 2013 generally auditors are appointed by –

Though auditors are appointed equity shareholders in certain cases auditor can be appointed by –

Auditors are generally appointed by equity shareholders in –

…… is a process to check that the company has complied with the legal and procedural requirements and also followed the due processes

Secretarial audit is also known as –

……. has been assigned the role of secretarial auditor under section 2 (2) (c) (v) of the company secretaries Act, 1980

Objective of secretarial audit is –

According to …., cost audit is “the verification of the correctness of cost accounts and of adherence to the cost accounting plan”

Ministry of Corporate Affairs has issued mandatory cost audit orders on companies engaged in-

Ministry of Corporate Affairs has issued mandatory cost audit orders on companies engaged in-

Cost audit is useful for the purpose of –

The objective of tax audit is to assist the –

Tax audit under the income tax Act, 1961 conducted by –

For businessman tax audit is compulsory if his –

For professional tax audit is compulsory if his –

In relation to bank audit NPA means –

….. contains the provisions relating to the maintenance of accounts and audit of banks

The insurance audit is an examination of the ….. of the insurance company

Like companies, partnership firms in India are … required to get their financial statements audited

Statutory audit is compulsory for –

…… aims at ensuring that the financial transactions of the government are executed properly under sanctions and authorities and are correctly recorded in the books of account

Auditors of government companies are appointed by –

In……, a function is analyzed thoroughly with respect to system, process, input and output

Efficiency audit also known as –

The performance audit may be initiated by –