Practice Test

Q1) An auditor may function as ________. Show Answer

Q2) When the auditor works for the organization, is usually referred to as ______. Show Answer

Q3) When an independent professional outside the organization is appointed; he is known as ________. Show Answer

Q4) _______ of the Companies Act, 2013 contains provisions regarding the appointment of the auditor. Show Answer

Q5) Section 139 of the Companies Act, 2013 generally auditors are appointed by _______. Show Answer

Q6) Though auditors are appointed by equity shareholders in certain cases auditor can be appointed by ________. Show Answer

Q7) As per Section 139(6) provides that the first auditor or auditors are to be appointed by the _______ within one month of the date of the registration of the company. Show Answer

Q8) As per Section 139(6) 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. Show Answer

Q9) The first auditor shall hold office till the conclusion of _______. Show Answer

Q10) In case the Board of directors fails to appoint the first auditors within one month of its incorporation, the company in ______ may appoint the first auditors. Show Answer

Q11) Section 139 provides that ________ must appoint an auditor or auditors at each annual general meeting. Show Answer

Q12) 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 the ______. Show Answer

Q13) 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 the sixth annual general meeting and shall, within ______ of the appointment, give intimation thereof to every auditor so appointed. Show Answer

Q14) As per Section 139(8), the casual vacancy in the office of auditor may be filled by the _________. Show Answer

Q15) Where the vacancy is caused by _______ such vacancy shall only be filled by the company in general meeting. Show Answer

Q16) Where the vacancy is caused by resignation of auditor, such vacancy shall only be filled by the company in ________. Show Answer

Q17) If no auditors are _______ at the annual general meeting, the Central Government may appoint a person to fill the vacancy. Show Answer

Q18) If no auditors are appointed or re-appointed at the annual general meeting, the _____ may appoint a person to fill the vacancy. Show Answer

Q19) If no auditors are appointed or re-appointed at the annual general meeting the company is required to give within _______ notice to the Central Government that the power has become exercisable. Show Answer

Q20) If no auditors are appointed or re-appointed at the annual general meeting the company is required to give within one week notice to the _______ that the power has become exercisable. Show Answer

Q21) Section 141 contains provision as regards qualifications and disqualifications of auditors, which apply to _______. Show Answer

Q22) Section 141 provides that only a _______ within the meaning of Chartered Accountants Act,1949 can act as an auditor of a limited company. Show Answer

Q23) A firm whereof _______ partners are practicing Chartered Accountants can be appointed by its firm name as auditor in which case any partner may act in the name of the firm. Show Answer

Q24) Who of following shall be disqualified for appointment as auditor of a company? Show Answer

Q25) The Department of Company Affairs has clarified that a statutory auditor ______ act also as internal auditor of the company. Show Answer

Q26) Which of the following is right of auditor? Show Answer

Q27) Which of the following is right of auditor? Show Answer

Q28) The auditor shall be entitled to require from the _______ of the company such information and explanation as he thinks necessary for the performance of his duties as auditor. Show Answer

Q29) The Article of Association of a company cannot preclude the auditor from availing all information which is material to enable him to make his report. Show Answer

Q30) 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 ______. Show Answer

Q31) Who can sign audit report? Show Answer

Q32) Section 143(1) requires an auditor to inquire ________. Show Answer

Q33) Section 143(1) requires an auditor to inquire ________. Show Answer

Q34) Section 143(1) requires an auditor to inquire ________. Show Answer

Q35) Section 143(1) requires an auditor to inquire where ______ made by the company on the basis of security have been properly secured and whether the terms on which they have been made are not prejudicial to the interests of the company or its members. Show Answer

Q36) U/s 143(3), it is the duty of the auditor to make a report to the _______ of the company on the accounts examined by him, Show Answer

Q37) U/s 143(3), it is the duty of the auditor to make a report to the members of the company on the accounts examined by him and on every ________. Show Answer

Q38) The audit report, besides other things necessary in any particular case, must expressly state ________. Show Answer

Q39) Observation or comments of the auditors which have any adverse effect on the functioning of the company must in ______.? Show Answer

Q40) Under Section 143(3), Rule 11 of the Central Government is empowered to issue order requiring the auditor to include in his report a statement on such matters as may be specified, which is called as ________.? Show Answer

Q41) Which of the following essential of audit report? Show Answer

Q42) Which of the following is not essential of audit report? Show Answer

Q43) Auditors opinion may be ________.? Show Answer

Q44) Where auditor does not have any reservation, objection regarding the information under audit, then he issues _______. Show Answer

Q45) Unqualified opinion also known as ______. Show Answer

Q46) 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 audit, he express ________. Show Answer

Q47) Adverse opinion also known as ______. Show Answer

Q48) As per ______ subject to certain reservation or qualification stated, the auditor agrees with the proposition stated in the financial statements. Show Answer

Q49) 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. Show Answer

Q50) Who of following shall be disqualified for appointment as auditor of a company?
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Q51) The audit report, besides other things necessary in any particular case, must expressly state _______.
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Q52) The audit report, besides other things necessary in any particular case, must expressly state ________.
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Q53) Which of the following essential of audit report?
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Q54) Which of the following essential of audit report?
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