alleryStart learning →Unlisted public firm holds only Rs 30 crore deposits. Is appointment compulsory?
AOnly if listed soon
BYes, deposit test met
CNo, only banks apply
DNo, below Rs 50 crore
Answer & Solution
Correct answer: B. Yes, deposit test met
Deposits of Rs 25 crore or more satisfy Rule 13(1)(b)(iv) by themselves.
Keep practising Internal Audit
Browse all Internal Audit questions for CA Final, or explore more Auditing topics.
Related questions
The second line is separate from delivery but is:Management owns internal control; internal auditors:Strategic planning for internal audit may use which framework?Internal audit's role in enterprise risk management is typically:The Sarbanes-Oxley Act, which raised the profession's profile, dates from:Internal audit scope can include proactive audits to identify:Internal audit is often used as what for future managers?Sawyer urged auditors to focus on which type of auditing?