This committee laid down guidelines to ensure independence of auditors and recommended rotation of auditors.

Related MCQs

• The ------- can be removed after the expiry of his term of office,as per the procedures laid down in section 225.
• Section 135 of the Companies Act, 2013 has laid down that all companies incorporated in India having a net worth of INR 500 crore or more, must spend a percentage of the average net profits made during every block of three years. What is the percentage?
• Common governance problems of corporate failures in India are i. Accounting frauds carried out in collusion with statutory auditors ii. Insider trading iii. Fiduciary failure by the board iv. Disproportionate compensation paid to executive board members and senior management.
• In case the Board of Directors fails to appoint first auditors, the shareholders shall appoint them at _______ by passing a resolution.
• Section --------------of the companies Act,2013 detailed the qualification of company Auditors.
• Which of the following is (are) true of the EDP auditors?
• -------- refers to a set of prescriptions and practices that provide guidelines with regards to the effective control of a company in the best interest of its shareholders and other stakeholders.
• Which of the following committee is appointed under the initiative of Government of India on corporate governance?
• Section 135 of the Companies Act 2013 provides that the constitution of CSR committee is mandatory in company having a net worth of
• The CSR committee must be composed of