alleryStart learning →A Government company has an auditor. Under s.143(5), who appoints that auditor?
AShareholders at AGM
BThe Board of directors
CThe CAG of India
DThe Registrar of firms
Answer & Solution
Correct answer: C. The CAG of India
In Government companies the CAG appoints the auditor under section 139(5) or (7) and directs the manner of audit.
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
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 setThe most general form of criminal fraud is described as theft by what?