33.

34.

35.

36.

37.

38.

39.

40.

Which of the following statement is most suitable to an ‘audit report’?
(A) Itis a fault finding report of audit (B) TItis a report of errors and frauds
(C) TItis an opinion of the Auditor (D) Itis always a statutory report

As per Indian Companies Act 2013, Section 139, an individual auditor, on appointment
hold the office for a term of :

(A) 10 years {B) 1year
(© 486888 (D) 58688

On completion of an audit, Audit Working Papers are :
(A) Returned to the Client (B) Retained by the Auditor
(€) Submitted along with audit report (D) Destroyed immediately

Which of the following statement is wrong with regards to an internal auditor?
(ക) Has statutory Powers (B) Appointed by the management

(C) Is an adviser to management (D) Can be removed at any time

Not recording a transaction in the books of account is treated as an error of :
(ക Duplication _ (B)Omissifln
(0 Compensating (D) Commission

As per Companies Act 2013, remuneration of the first auditor of a company is fixed by whom
of the following?

(4) Registrar of companies ए) First general body meeting
(0) As per rates shown in Act schedule (D) Board of Directors

Who appoint auditor in the case of a Government company or any other company owned or
controlled, directly or indirectly, by the Government as per Companies Act 20137

(4) Board of Directors (8) Respective Government
(C) CAG of India (D) Registrar of Companies

Which of the following statement is wrong with regards to internal check?

(ಗ) It a part of internal control (B) Itis done by appointed auditor
(C) It is continuous in nature (D) TItis to eliminate errors and frauds
7 082/2016
[P.T.0]