Which inquiry falls under s.143(1)(b) for an auditor?
AWhether dividends were late
BWhether stock was counted twice
CWhether book entries harm the company
DWhether the AGM was on time
Answer & Solution
Correct answer: C. Whether book entries harm the company
Clause (b) covers transactions represented merely by book entries that may be prejudicial to the company's interests.
Keep practising Powers and Duties of Auditors and Auditing Standards
Browse all Powers and Duties of Auditors and Auditing Standards questions for CA Final, or explore more Auditing topics.
Related questions
A Government company has an auditor. Under s.143(5), who appoints that auditor?An auditor tells only the Board of a large fraud. Which duty is breached?Which model names the three fraud elements as opportunity, pressure and rationalization?How does a forensic accountant's focus differ from an auditor's?Which two roles can a forensic accountant combine?Which case is credited with showing the importance of forensic accounting in the 1930s?A hoax differs from fraud because it involves deliberate deception without what?Which statistical test is used in analytics to detect fraudulent figures in large data set