McqMate
| Q. |
Which of the following statement is not true regarding appointment of statutory auditor by the Central Government? |
| A. | Such powers have been conferred upon it by section 224(3) |
| B. | If a company fails to appoint an auditor at a general meeting |
| C. | If an auditor refuses to accept appointment, the powers of the Central |
| D. | None of the above |
| Answer» B. If a company fails to appoint an auditor at a general meeting | |
2.4k
0
Do you find this helpful?
47
View all MCQs in
AuditingDiscussion
alone pagal
1 week ago
The correct answer is *D. None of the above*.
Appointment of Statutory Auditor by Central Government
The Central Government can appoint a statutory auditor in certain circumstances, including:
1. *Section 224(3)*: This section of the Companies Act confers powers on the Central Government to appoint auditors in specific situations.
2. *Failure to appoint at a general meeting*: If a company fails to appoint an auditor at a general meeting, the Central Government can step in.
3. *Auditor's refusal*: If an auditor refuses to accept appointment, the Central Government can appoint another auditor.
All the options A, B, and C are true regarding the appointment of statutory auditors by the Central Government. Therefore, the correct answer is *D. None of the above*.
Appointment of Statutory Auditor by Central Government
The Central Government can appoint a statutory auditor in certain circumstances, including:
1. *Section 224(3)*: This section of the Companies Act confers powers on the Central Government to appoint auditors in specific situations.
2. *Failure to appoint at a general meeting*: If a company fails to appoint an auditor at a general meeting, the Central Government can step in.
3. *Auditor's refusal*: If an auditor refuses to accept appointment, the Central Government can appoint another auditor.
All the options A, B, and C are true regarding the appointment of statutory auditors by the Central Government. Therefore, the correct answer is *D. None of the above*.
0
Related MCQs
- Who is responsible for the appointment of statutory auditor of a limited company?
- The term of the auditor ship of first auditor would be from the date of appointment till__
- As per the ‘Statement on Qualification in Auditor’s Report’s issued by the ICAI, the auditor, Under section 227(3) has to gave a statement of fact on_
- Which of the following statement is true regarding an auditor’s working papers?
- Who among the following can be appointed as special auditor by the Central Government?
- Who out of the following cannot be appointed as a statutory auditor of the company?
- As per the requirements of section 226(3) and 226(4) a person is disqualified from being appointed as a statutory auditor if he holds
- A statutory auditor has a right of access at all times to
- Which of the following statement is not true regard to auditor’s attendance at stock taking?
- An auditor is verifying valuation of building which has been self constructed by the client. Which of the following documents is least relevant to the auditor for verification purposes?