alleryStart learning →Auditor suspects fraud by officers. Under s.143(12), what must he do?
AWait for the next AGM
BReport to Central Government
CResign from the audit
DInform the media houses
Answer & Solution
Correct answer: B. Report to Central Government
Sub-section (12) requires immediate reporting to the Central Government, within the prescribed time and manner, once he has reason to believe an offence involving fraud has been committed.
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