Audit And Finalization

A company auditor can be removed before expiry of his term by

• A. Shareholders

• B. Board of Directors

• C. Central Government

• D. State Government

A continuous audit is specially needed for

• A. Any trading concern

• B. Smaller concerns

• C. Banking companies

• D. Any manufacturing companies

Propriety audit refers to

• A. Verification of accounts

• B. Examination accounts of propriety concerns

• C. Enquiry against justification and necessity of expresses

• D. Audit of Govt. companies

Final audit implies

• A. Audit of accounts at the end of the year

• B. Finally checking of accounts to reveal frauds

• C. Audit for submitting report immediately at the end of the year

• D. Audit of banking companies

Management audit means

• A. Audit undertaken on behalf of the management

• B. Evaluating performance of various management processes and functions

• C. Audit undertaken on behalf of Govt. to punish management

• D. Compulsory audit

A special auditor is appointed by the

• A. Shareholders

• B. Board of Directors

• C. Central Government

• D. C & A – G

A government Co. auditor may be appointed by the

• A. C & A – G

• B. Shareholders

• C. Central Government

• D. None of the above

--------------- audit is forward looking –

• A. Financial

• B. Cost

• C. Tax

• D. none

Audit under any statute in a country is called ------------------

• A. Final audit

• B. Internal audit

• C. Statutory audit

• D. none

-------------------- audit is not a statuary requirement

• A. Management

• B. Financial

• C. Tax Audit

• D. none