alleryStart learning →A small fraud below the s.447 threshold, with no public interest, carries imprisonment up to what?
ASix months
BOne year
CThree years
DFive years
Answer & Solution
Correct answer: D. Five years
The second proviso allows imprisonment up to five years, or a fine up to fifty lakh rupees, or both.
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