alleryStart learning →Within how many days of receiving the audit report may the CAG act under s.143(6)?
AThirty days
BForty-five days
CSixty days
DNinety days
Answer & Solution
Correct answer: C. Sixty days
Sub-section (6) gives the CAG sixty days from receipt of the report to conduct a supplementary audit or comment upon or supplement it.
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