MCQ for CA Intermediate Audit - Chapter 10 - The Company Audit

Sample Multiple Choice Questions (MCQ's) for CA Intermediate - Paper 6 - Auditing and Assurance - Chapter 10: The Company Audit - For Practice relevant for May/November 23 Examinations

Q:1 Auditor appointed at AGM shall hold the office from the conclusion of that AGM till the conclusion of __________

Sixth AGM
Next AGM
Fifth AGM

Answer: A

Q:2 Subsequent auditor in case of Government Company shall be appointed within ____________ from the commencement of the financial year

30 days
90 days
120 days
180 days

Answer: 4

Q:3 The Auditor appointed under section 139 of Companies Act, 2013 may be removed from his office before the expiry of his term by __________.

Ordinary Resolution
Special Resolution
Board Resolution
None of the Above

Answer: 2

Q:4 The auditor who has resigned from the company shall file within a period of __ from the date of resignation, a statement in the Form _

30 days, ADT-1
30 Days, ADT-3
60 days, ADT-1
60 days, ADT-3

Answer: 2

Q:5 Which of the following is qualified to be appointed as auditor of the company?

A person whose relative is holding security of the company of face value exceeding ₹ 1 Lac
A person whose relative is holding security of the company of market value exceeding ₹ 1 Lac
A person whose relative is holding security of the company of face value not exceeding ₹ 1 Lac
A person whose relative is holding security of the company of market value not exceeding ₹ 1 Lac

Answer: 3

Q:6 The remuneration of first auditor appointed by members of the company shall be fixed by.

Company
Board of Directors
Central Government
CAG

Answer: 1

Q:7 In which of the following companies, auditor is required to report on matters specified under CARO, 2020:

Foreign company
Small Company
One Person company
None of the above