MCQ for CA Intermediate Audit - Chapter 13 - Audit of Different Types of Entities
Sample Multiple Choice Questions (MCQ's) for CA Intermediate - Paper 6 - Auditing and Assurance - Chapter 13: Audit of Different Types of Entities - For Practice relevant for May/November 23 Examinations
Q:1 A Limited Liability Partnership shall maintain such proper books of account as may be prescribed relating to its affairs for each year of its existence. Books are prescribed -- under Section 34 of LLP Act, 2008
- under Rule 24 of LLP Rules, 2009
- under Section 44AA of Income-tax Act, 1961
- under Section 129 of Companies Act, 2013
Answer: 2
Q:2 As per Section 34 of LLP Act, 2008, every LLP shall, prepare a Statement of Account and Solvency in prescribed form -- within a period of 3 months from the end of each financial year
- within a period of 6 months from the end of each financial year
- within a period of 30 days from the end of each financial year
- within a period of 60 days from the end of each financial year
Answer: 2
Q:3 During the course of audit of co-operative society, if the auditor notices that there are some serious irregularities in the working of the society, he may report these special matters to the ______________- Registrar
- Members
- Managing Committee
- None of the above
Answer: 1
Q:4 Circumstances in which auditor of co-operative society is required to submit special report includes:- Personal profiteering by members of managing committee
- Weak Internal Control
- Errors noticed in the books of account
- All of the above
Answer: 1
Q:5 First Auditor of Multi-State Co-operative Society shall be appointed by _________- Board of Directors within one month of registration
- Registrar within one month of registration
- Managing Committee within 60 days of registration
- Members within 60 days of registration
Answer: 1
Q:6 Under section 43 (h) of the Central Act, who can frame rules prescribing the books and accounts to be kept by a co-operative society?- Central Government
- State Government
- Management Committee of the Society.
- Secretary of the Co-operative Society.
Answer: 2
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