UNIT IV Internal Assessment

What is the time limit for the appointment of subsequent government auditors ?

• Within 30 days

• Within 60 days

• Within 180 days

• No time limit

What should a company do if the appointment of auditors is not ratified by members at every AGM?

• The existing auditor shall continue

• The company must appoint a new auditor

• The appointment is void

• The auditor must resign

What is the procedure for the removal of auditors?

• Pass a resolution

• File form ADT-2

• Hold a general meeting

• All of the above

What must be included in the statement of resignation filed by the auditor?

• Reasons for resignation

• Date of resignation

• Name of the company

• All of the above

What is the auditor's right regarding access to books and records?

• Limited to registered office

• Access to all books and vouchers

• Only during office hours

• No access rights

What is the auditor's right to obtain information from officers?

• Limited to financial statements

• Wide and important power

• Only during audits

• only to limit of non confidential docs

What is the auditor's right to remuneration?

• Fixed by the company

• Claimed from the appointing authority

• Claimed at winding up

• All of the above

What must the company do regarding notices for general meetings?

• Send to all members

• Only to the auditor

• No requirement

• Only if requested

What is the auditor's right to lien?

• On all documents

• On documents for unpaid fees

• No lien rights

• Only on financial statements

What is the Tax audit ceiling limit under the icai act, 1949 ?

• 60 companies

• 20 companies

• Unlimited

• 10 companies