CA Inter Audit and Auditors — practice questions
28 free MCQs with worked solutions. Tap any question for the answer + explanation, or practice them all in the app.
Practice CA Inter Audit and Auditors in the app →The first auditor of a company (other than a Government company) is to be appointed by the Board within ___ daIf the Board fails to appoint the first auditor, the members shall appoint within ___ days at an extraordinaryA subsequent auditor appointed at an AGM ordinarily holds office until the conclusion of the:A casual vacancy in the office of auditor is generally filled by the:A casual vacancy caused by the resignation of an auditor must also be approved by the company in general meetiRemoval of an auditor before the expiry of the term requires a special resolution and the prior approval of thMandatory rotation of auditors applies to listed companies and certain prescribed classes; an individual auditUnder auditor rotation, an audit firm can be appointed for a maximum of ___ consecutive terms of five years:To be appointed as an auditor of a company, a person must be a:A body corporate (other than an LLP) is ___ for appointment as an auditor of a company:A person who is indebted to the company for an amount exceeding the prescribed limit is ___ to be its auditor:An officer or employee of the company is ___ for appointment as the company's auditor:The remuneration of the auditor of a company is fixed by the company in:The auditor has a right of access at all times to the ___ of the company:The auditor of a company has the right to attend any:Certain non-audit services, such as bookkeeping and internal audit, are ___ to be rendered by the auditor undeSpecified classes of companies are required to constitute an ___ of the Board to oversee the financial reportiAfter completing the maximum permitted term, an auditor or audit firm must observe a cooling-off period of ___The auditor's report is required to state whether the financial statements give a ___ view:A person holding any security of the company carrying a beneficial interest is generally ___ to be appointed aIf an auditor resigns, they must file a statement in the prescribed form (ADT-3) with the company and the:Where fraud is detected during the audit, the auditor is required, in prescribed cases, to report it to the:The appointment of an auditor is ordinarily ratified or made by the shareholders at the:In a Government company, the auditor is appointed by the:The maximum number of companies in which a person can be appointed as auditor is generally limited to:The auditor's duty to make a report to the members on the accounts examined is a ___ duty under the Act:If a company does not appoint or reappoint an auditor at the AGM, the existing auditor:The provisions governing the appointment of auditors are contained mainly in Section ___ of the Companies Act,