MCQs on Auditing (Part-5)

101. Audit of which of the following companies is excluded from ceiling limit of audit

 a) Government Companies 

b) Private Limited Company having paid up share capital Rs 100 Crore or more 

c) Audit of Public Companies 

d) Dormant Companies 

102. A person shall not be appointed as auditor of co if he has been convicted by court for an offence involving fraud and a period of ___________ years has not been elapsed since such conviction 

a) 10 Years 

b) 7 Years 

c) 8 Years 

d) 5 Years 

103. Which of the following is not disqualification of company’s auditor 

a) Any person who is officer or employee of the company 

b) Any person who is indebtedness to company exceeding Rs. 5,00,000 

c) Any person who has been convicted by court for an offence involving fraud and a period of 10 years has not been elapsed since the date of such conviction 

d) Any person who is officer or employee of holding co or subsidiary company of the company. 

104. Audit of private limited company is exempted from ceiling on number of audits if its 

a) Paid up share capital is less than Rs. 10 crore 

b) Paid up share capital is less than 20 crore 

c) Paid up share capital is less than Rs. 50 crore RATHORE INSTITUTE CA. NITIN GUPTA 

d) Paid up share capital is less than Rs. 100 crore 

105. First auditor of non- government company is appointed 

a) By BoD within 1 month of incorporation of Co 

b) By BoD within 30 days of incorporation of Co 

c) By Members within 90 days of incorporation of Co 

d) By Members within 60 days of incorporation of Co 

106. First auditor of government company is appointed 

a) By BoD within 1 month of incorporation of co 

b) By CAG within 1 month of incorporation of co 

c) By CAG within 60 days of incorporation of Co 

d) By Members within 90 days of incorporation of Co 

107. Subsequent auditor of non-government company is a appointed 

a) By Members in EGM by passing ordinary resolution 

b) By Members in AGM by passing special resolution 

c) By Members in AGM by passing ordinary resolution 

d) By BoD in Board Meeting 

108. Subsequent auditor of government company is appointed by CAG within_______ days from commencement of FY which is subject to audit 

a) 60 days 

b) 180 days 

c) 120 days 

d) 150 days 

109. The provision of section 139(1) are applicable to all companies except: 

a) Government Companies 

b) One person companies 

c) Dormant companies 

d) None of these 

110. The auditor shall furnish his written consent and a certificate to the company 

a) Before his appointment 

b) Within 15 days of his appointment 

c) Not required to furnish 

d) None of these 

111. Which of the following Form is filed by Co with RoC as intimation of appointment of subsequent auditor 

a) ADT-1 

b) ADT-2 

c) ADT-3 

d) ADT-4 

112. ADT-1 is filed with RoC within 

a) Within 15 days of appointment of auditor 

b) Within 30 days of appointment of auditor 

c) Within 1 month of appointment of auditor 

d) Within 60 days of appointment of auditor 

113. Tenure of subsequent auditor of non-government company is 

a) Till conclusion of next AGM 

b) Till conclusion of 5th AGM 

c) Till conclusion of 5 years. 

d) Till conclusion of 6th AGM 

114. Tenure of subsequent auditor of government company is 

a) Till conclusion of next AGM 

b) Till conclusion of 5th AGM 

c) Till conclusion of 5 years 

d) Till conclusion of 6th AGM 

115. If at AGM no auditor is appointed or reappointed, the following consequence will be there 

a) CG shall appoint the auditor 

b) CAG shall appoint the auditor 

c) Existing auditor shall continue to be auditor of company 

d) Due to casual vacancy, BoD shall appoint the auditor 

116. Which of the following company in required to constitute an audit committee 

a) Listed Company 

b) Small Company 

c) One Person Company 

d) All of these 

117. Before making any appointment or reappointment of auditor also including filling of casual vacancy recommendation of ________________ shall be considered if company falls under section 177(1). 

a) Board of Director 

b) Audit Committee 

c) Tribunal 

d) Company Law Board 

118. Any casual vacancy in the office of auditor of non-government company is filled by 

a) Members within 15 days 

b) Members within 30 days 

c) BoD within 15 days 

d) BoD within 30 days 

119. Any casual vacancy in the office of auditor of government company is filled by 

a) BoD within 30 days 

b) CAG within 30 days 

c) CAG within 60 days 

d) Members within 90 days 

120. If vacancy in the office of auditor of other than government company is caused by resignation by auditor, then appointment by BoD shall also be approved by company at general meeting within _____________ months of the recommendation of BoD 

a) 1 

b) 3 

c) 5 

d) 6 

121. Which of the following in not a case of casual vacancy in the office of auditor of company 

a) Death of person appointed as auditor 

b) Dissolution of partnership firm appointed as auditor 

c) Refusal of appointment by auditor 

d) If any disqualification is attracted to auditor after appointment of auditor 

122. Any auditor appointed to fill a casual vacancy shall hold office of auditor of company 

a) Till conclusion of 6th AGM 

b) Till conclusion of next AGM 

c) Till he submits his audit report 

d) None of these 

123. Pick the odd one out 

a) Section 139(6) 

b) Section 139 (1) 

c) Section 139(8) 

d) Section 139(10) 

124. At any AGM, a retiring auditor may be re-appointed if 

a) He is not disqualified for re-appointment 

b) He has not given the company a notice in writing of his unwillingness to be re-appointed 

c) A special resolution has not been passed at that AGM appointing some other auditor or providing expressly that he shall not be re-appointed. 

d) All of above 

125. Remuneration of auditor of company is fixed 

a) By company in general meeting 

b) By BoD of Co 

c) By CG 

d) By CAG

MCQs on Auditing in hindi

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Mcq on Auditing in hindi #CAfinalyear #accountancy #account #uptgtpgt #uppgt #uppcl #uksssc Dear students This video is specially for all of you. This is your own channel ◆Commerce Dada◆ please watch videos and subscribe your own channel. MCQs on Auditing In hindi and english (Part # 1) https://youtu.be/RnvQcUQQcCw Mcqs on Auditing in Hindi and english (part # 2) https://youtu.be/1T-wseM1Tag Mcqs on Auditing in Hindi and english (Part # 3) https://youtu.be/_PtyiL_zWWY Mcqs on Auditing in Hindi and english (Part # 4) https://youtu.be/MmviMCvZGJA Mcqs on Auditing in Hindi and english (Part # 5) https://youtu.be/iPELcO1jvVk Mcqs on Auditing in Hindi and english (Part # 6) https://youtu.be/Qehlqco8Aao Mcqs on Auditing in Hindi and english (Part # 7) https://youtu.be/NPx1xNZ-2m4 MCQs on Branch Account ( Part # 1) https://youtu.be/VSryylV2KwE MCQs on Hire Purchase System & MCQs on Installment Payment System👇👇👇👇👇 https://youtu.be/ZBHa3bNE8CM MCQs on Royalty Accounts Part- 1, 2 , 3👇👇👇👇👇👇👇👇👇 https://youtube.com/playlist?list=PLMmYafft_vfG8ImS2qaFQsmlflSkYwZ1N MCQs on Not - For - Profit Organisations part-1 to 4👇👇👇👇👇👇👇👇👇👇👇 https://youtube.com/playlist?list=PLMmYafft_vfGjg_9muAEZIjjvQL3oTRon MCQs on Partnership Accounts MCQs on Accounting for partnership firm MCQs on Interest on drawings all MCQs 👇👇👇👇👇👇👇👇👇👇 https://youtube.com/playlist?list=PLMmYafft_vfEo0wlpfLSsF5M-yyky4NPn CA Final Auditing Mcq PDF free download CMA Auditing MCQ Company Accounts and Audit Auditing And Assurance CA inter classes Auditing and Corporate governance Auditing and Management Accounting B.cm 3rd year Auditing and taxation tybcom Auditing and Corporate governance bcom 6th semester's Auditing and Assurance standards CA Inter Paper -6 Auditing and Assurance standards on Auditing basic concept Mcq on Auditing ugc net Mcq on Auditing standards Mcq on Auditing with answers macq on Auditing tybcom Mcq on Auditing and taxation Mcq on Auditing ugc net what is an Auditing Auditing all chapters Auditing Introduction CA intermediate Mcq on an Auditing in Hindi MCQ on Auditing in English Mcq on Auditing in Urdu Mcq on Auditing in Bangla Mcq on Auditing in telgu Mcq on Auditing in Marathi Mcq on Auditing in malyalam Mcq on Auditing in gujrati @accountsadda4183 @Rajataroraofficial @santoshkumaronlinestudy @EDUCATIONBABA @CommerceBaba @AcademyCommerce @CommerceNetAchievers @CTCClasses @brandaccount1501 @Accountinggurujisbj @AccountingStuff @brandaccount625 @AccountingLectures @knowledgeaccount1