of the Companies Act, 2013 provides that the Internal Auditor shall be a Chartered Accountant or a Cost Accountant or any other professional as may be decided by the Board of Directors.

Related MCQs

• Cost Audit is applicable in case of the companies falling under certain specific categories of industries and for those companies who have been asked by the central government to maintain the cost accounting records and get these cost accounting records audited as per the provisions of of the Companies Act, 2013
• Section 139 provides that the first auditor of the company shall be appointed by Board of Directors of the company within days
• For the board of directors of the company, the entire company is a ……………….
• Assuming that it is not the first appointment of the auditor, who is responsible for the appointment of the auditor?
• ………….. costs are not easily changed and are often fixed, for ex, once a company has decided to rent a place.
• If project A has a lower payback period than project B, this may indicate that project A may have a …………….
• Which of the following is responsible for establishing a private company’s internal control?
• Internal Perspective is part of the Complete Balanced Scorecard Strategy. This is a correct sub item for this perspective
• The financial statements of the company shall be authenticated by
• A cost center manager