alleryStart learning →On reason to believe an offence involving fraud is being committed, s.143(12) requires the auditor to:
AIgnore the matter
BReport to the Centre
CWait for the AGM
DResign quietly
Answer & Solution
Correct answer: B. Report to the Centre
He must immediately report the matter to the Central Government in the prescribed manner.
Keep practising Company Audit
Browse all Company Audit questions for CA Final, or explore more Auditing topics.
Related questions
Under s.177(8), the Board's report must disclose the composition of which body?The s.177(10) vigil mechanism gives direct access in exceptional cases to:At Audit Committee meetings on their report, the auditors have a right under s.177(7) to bUnder s.177(6), the Audit Committee may take professional advice from:Under s.177(4)(vii), the committee evaluates internal financial controls and:Under s.177(4)(iv), the committee approves which kind of transactions?Under s.177(2), an Audit Committee needs at least how many directors?Under s.177(1), who must constitute an Audit Committee?