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Statement | : An officer or employee is disqualified being an auditor of a company.

Statement Il : A person whose relative is a director in the company is disqualified
being an auditor of a company.

Which of the statements is/are correct ?

A) Statement | B) Statement II

C) Statement | and II D) None of these

An auditor can be removed from his office before the expiry of the term by passing a
A) Special resolution

B) Ordinary resolution

C) Both ordinary and special resolution

D) No resolution

Statement | : Auditing and Assurance Standards Board ensures that financial
statements are prepared according to the general accepted
accounting principles.

Statement II : Ensuring conformity of the accounts to the general accepted accounting
principles does not come under the purview of AASB.

Which of the statements are true ?
A) Statement II டி) Statement |
C) Statement | and II D) None of these
Statement I : The writing of audit matters is called audit working papers.
Statement II : Audit working paper is a book maintained by the audit clerk.
A) Statement | is correct but Statement II is incorrect
B) Statement | is incorrect but Statement II is correct
C) Statement | and II is correct
D) Statement | and II is incorrect
While checking liabilities in Balance Sheet an auditor is not concerned with
A) whether they are properly valued
B) whether they are not subject to undisclosed encumbrances
C) whether they are properly classified and disclosed
D) none of the above
An audit engagement letter shall contain
A) objective of audit of financial statements
B) unrestricted access to records
C) management responsibility for financial statements
)

D) all of the above
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