Auditing Mcqs
Who is responsible for the appointment of statutory auditor of a limited company ?

A. Directors of the company
B. Members of the company
C. The Central Government
D. All of the above

The board of directors shall appoint first auditor of a company

A. With in one month of completion of capital subscription state of the company
B. With in one month of the promotion of the company
C. With in one month of the commencement of the business of the company
D. With in one month of incorporation of the company

The term of the auditor ship of first auditor would be from the date of appointment till________?

A. the conclusion of statutory meeting
B. the conclusion of first annual general meeting
C. the conclusion of next annual general meeting
D. the date of removal

In case the directions fail to appoint first auditor (s), the shareholders shall appoint them at_________by passing a resolution.

A. a general meeting
B. first annual general meeting
C. statutory meeting
D. annual general meeting

If a casual vacancy in the office of auditor arises by his resignation it should only be filled by the company in a_________?

A. Board meeting
B. extraordinary general meeting
C. General meeting
D. annual general meeting

The authority to remove the first auditor before the expiry of term is with__________?

A. the shareholders in a general meeting
B. the shareholders in the first annual General meeting
C. the board of directors
D. the Central Government

Who out of the following cannot be appointed as a statutory auditor of the company?

A. Erstwhile director
B. Internal auditor
C. Relative of a director
D. Only (B. and (C.

A statutory auditor has a right of access at all times to___________?

A. Books and accounts of a company
B. Books, accounts and documents of the company
C. Books, accounts and vouchers of the company
D. Notices and documents of the company

The auditor has a right to­___________?

A. Obtain information and explanation
B. Obtain information and explanation from the employees and officers
C. Obtain information and explanation necessary for the purpose of audit
D. Both B. and C.

The branch auditor is appointed by___________?

A. Shareholders in an annual general meeting
B. Shareholders in general meeting
C. Board of directors in board meeting
D. Any of the above