MCQ for CA Intermediate LAW - PART 1 - CORPORATE LAWS - Chapter 10 - AUDIT AND AUDITORS

Sample Multiple Choice Questions (MCQ's) for CA Intermediate - Paper 2 - Corporate and Other Laws - PART 1 - Corporate Laws - Chapter 10: AUDIT AND AUDITORS - For Practice relevant for May/November 23 Examinations

 

Q:1 State the disqualification of auditor as per ICAI.

  1. a person has not attended the age of 21 years
  2. a person of unsound mind
  3. can undischarged insolvent and convicted by court for any offence of moral turpitude
  4. All of the above

Answer: 4

Q:2 Mr. Shyam is an employee of the M/s ABC Ltd. and partner of SR Partnership Firm. Mr. Ram (chartered Accountant), is another partner of SR Partnership Firm. Whether Mr. Ram is eligible to appoint as an auditor in M/s ABC Ltd.?

  1. Yes
  2. No
  3. Partly Yes
  4. Partly No

Answer: 2

Q:3 Mr. Kiran is a partner of Mr. Rajesh (chartered Accountant), in a partnership firm, is holding shares of Rs. 50,000 in M/s ABC Ltd. which is a subsidiary of M/s XYZ Ltd. Whether Mr. Rajesh is eligible to appoint as auditor in M/s XYZ Ltd.?

  1. Yes
  2. No
  3. Partly Yes
  4. Partly No

Answer: 2

Q:4 Mr. Mohan is a partner of Mr. Sanjay (chartered Accountant), in a partnership firm, is holding shares of Rs. 10,000 in M/s MNC Ltd. which is an associate of M/s GHT Ltd. Whether Mr. Sanjay is eligible to appoint as auditor in M/s GHT Ltd.?

  1. Yes
  2. No
  3. Partly Yes
  4. Partly No

Answer: 2

Q:5 Mr.Kiran(chartered Accountant), is holding shares of Rs. 50,000 in M/s ABC Ltd. which is a subsidiary of M/s XYZ Ltd. Whether Mr. Kiran is eligible to appoint as auditor in M/s XYZ Ltd.?

  1. Yes
  2. No
  3. Partly Yes
  4. Partly No

Answer: 2

Q:6 Mr. Ram (chartered Accountant), is indebted of Rs. 1, 00,000 in M/s ABC Ltd. Whether Mr. Ram is eligible to appoint as auditor in M/s ABC Ltd.?

  1. Yes
  2. No
  3. Partly Yes
  4. Partly No

Answer: 1

Q:7 Mr. Kiran (chartered Accountant), is indebted of Rs. 4, 00,000 in M/s ABC Ltd. which is a subsidiary of M/s XYZ Ltd. Whether Mr. Kiran is eligible to appoint as auditor in M/s XYZ Ltd.?

  1. Yes
  2. No
  3. Partly Yes
  4. Partly No

Answer: 1

Q:8 Mr. Rohan (chartered Accountant), is indebted of Rs. 6, 00,000 in M/s ABC Ltd. which is an associate company of M/s XYZ Ltd. Whether Mr. Rohan is eligible to appoint as auditor in M/s XYZ Ltd.?

  1. Yes
  2. No
  3. Partly Yes
  4. Partly No

Answer: 2

Q:9 Before the appointment of the auditor, the company shall obtain ………… documents from proposed auditor as per rule 4 of the Companies (Audit & Auditors) Rules, 2014.

  1. Certificate from auditor
  2. Written consent from auditor
  3. Either a or b
  4. Both a and b

Answer: 4

 

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