Who directs the manner of audit for a Government company?
AThe Registrar of Companies
BThe company's shareholders
CThe Ministry of Finance
DComptroller and Auditor-General
Answer & Solution
Correct answer: D. Comptroller and Auditor-General
Section 143(5) has the CAG appoint the auditor of a Government company and direct how its accounts are audited.
Keep practising Audit Documentation
Browse all Audit Documentation questions for CA Inter, or explore more Auditing topics.
Related questions
Who should be allowed to stop or alter an audit trail process?An accounting audit trail links detailed transactions toInternal evidence becomes more reliable when internal controls areAs misstatement risk rises, the evidence an auditor should collectA direct reply from an outside party about an assertion is aRe-adding totals to test arithmetic accuracy is calledAudit evidence gathered by auditors is recorded in the auditThe auditor must comment on transactions with an adverse effect on