CA Final Company Audit — practice questions
30 free MCQs with worked solutions. Tap any question for the answer + explanation, or practice them all in the app.
Practice CA Final Company Audit in the app →Sections of the Companies Act 2013 dealing with audit of companies are:CARO 2020 stands for:Appointment of an auditor in a non-government company is governed by Section:The first auditor of a company (non-government) must be appointed within:Section 141(3) lists persons NOT eligible to be auditor. Which is INCLUDED in the disqualification list?Under Section 139(2) (rotation), a listed company cannot reappoint an INDIVIDUAL auditor for more than:The maximum number of company audits an individual chartered accountant can hold (excluding OPC and small compRemoval of an auditor before expiry of term requires:CARO 2020 applies to ALL companies EXCEPT (broadly):Branch audit under Section 143(8) - the company's auditor of the head office may audit branches OR:Joint audit of a company (Section 143) - joint auditors are:Auditor's remuneration under Section 142 is fixed by:Reporting on fraud under Section 143(12) - if fraud against the company by officers/employees is of ≥ Rs. 1 CARO 2020 introduced a new clause on:A company's outgoing auditor refuses to give a No Objection Certificate (NOC) for the incoming auditor. Per ICA subsidiary uses an auditor different from its parent. When the parent prepares CFS (Consolidated Financial SIn CARO 2020, reporting on title deeds of immovable property is required to disclose:Under Section 143(3)(i), the auditor reports on internal financial controls (IFC) - for which class of compaA non-government company's auditor wants to resign before completion of term. The auditor must:Audit Committee under Section 177 must include:A casual vacancy in office of auditor (due to resignation) must be filled by:Auditor's duty in case of "qualification" in audit report under Section 143(3) - the report should:For a Limited Liability Partnership (LLP), audit is required when:Cost audit under Section 148 is required for:Auditor's right of access (Section 143(1)) extends to:The Audit Committee's role under Section 177(4) includes recommending:CARO 2020 Clause (xi) regarding fraud requires the auditor to report:A statutory auditor who has resigned is required, per ICAI guidance, to:Internal Financial Controls (IFC) reporting under Section 143(3)(i) requires reporting on:A government company's auditor is appointed by: