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CA Final Overview of Audit of Public Sector Undertakings — practice questions — page 4

Explore 100 free Overview of Audit of Public Sector Undertakings questions in CA Final Auditing. Open each question or exercise to read its content, reference answers and available explanation.

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Overview of Audit of Public Sector Undertakings questions and exercises with answers

Showing questions 91–100 of 100.

Section 17 gives the CAG authority to audit accounts of what in government offices?Read the answer and worked solution →Section 18 lets the CAG require which items to be sent for his inspection?Read the answer and worked solution →Under Section 19(2), a statutory corporation of Parliament is audited by the CAG per itsRead the answer and worked solution →Under Section 19(3), who may request the CAG to audit a corporation created by State law?Read the answer and worked solution →Before a Section 19(3) request is made, the corporation must be given a chance toRead the answer and worked solution →Under Section 19A, the Centre lays CAG company reports beforeRead the answer and worked solution →Under Section 20(1), the CAG audits a body not entrusted to him by law if requested byRead the answer and worked solution →Section 20 entrusts an audit to the CAG only where it is expedient inRead the answer and worked solution →Rules under Section 22 are laid before Parliament for a total period ofRead the answer and worked solution →Section 23 empowers the CAG to make regulations onRead the answer and worked solution →

Worked practice questions

Section 17 gives the CAG authority to audit accounts of what in government offices?

  1. Staff attendance
  2. Stores and stock
  3. Visitor logs
  4. Pension rolls
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Correct answer: B. Stores and stock

Section 17 specifically covers accounts of stores and stock kept in any office or department of the Union or a State.

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Section 18 lets the CAG require which items to be sent for his inspection?

  1. Court judgements
  2. Staff personal files
  3. Accounts and books
  4. Election records
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Correct answer: C. Accounts and books

He may call for accounts, books, papers and documents that form the basis of the transactions he audits.

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Under Section 19(2), a statutory corporation of Parliament is audited by the CAG per its

  1. Stock exchange rules
  2. Articles of association
  3. Board resolution
  4. Its own parent Act
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Correct answer: D. Its own parent Act

For corporations that are not companies, the CAG's powers follow the Act that created the corporation.

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