alleryStart learning →Which brokerage's internal auditors were held negligent over demat accounts?
AMotilal Oswal Ltd
BZerodha Broking
CAngel Broking Ltd
DKarvy Stock Broking
Answer & Solution
Correct answer: D. Karvy Stock Broking
The SEBI-referred case concerned Karvy, whose internal auditors were held guilty of negligence for not spotting the repeated address.
Keep practising Institute of Chartered Accountants of India
Browse all Institute of Chartered Accountants of India questions for CA Final, or explore more Auditing topics.
Related questions
A professional claims skills above ordinary. Standard of care?With contract and tort liability together, damages are?Which case narrowed the Hedley Byrne duty-of-care test?Which 1964 case recognised liability for negligent statements?To whom should an internal auditor report directly to preserve independence?Large non-audit fees from an audit client raise what concern?Why can very low audit fees hurt independence?What is real independence also known as?