E1E2 Auditing

Under Sec 619(4) of the companies Act, CAG will review the audited financial report of

• Internal auditor
• Inspection audit
• Statutory audit
• All the above

Whose is eligible for appointment as an auditor of a comapny

• chartered account
• cost accountant
• Both 1 and 2
• None of the above

As prescribed in Sec 129 of the companies Act 2013 at every AGM the Board of Directors of the company shall lay the

• Profit & Loss a/c
• Balancesheet
• Both 1 and 2
• None of the above

IAAD stands for

• Indian Audit and Accounts Department
• Indian Accounts and Audit Department
• Indian Auditors and Accountants Department
• None of the above

CAG stands for

• Comptroller & Auditor General
• Costing & Auditor General
• Both 1 and 2
• None of the above

The Constitution of India requires CAG to make his report to

• The President of India
• Parliament
• Sate Legislature
• All the above

Sanctioning the disposable unserviceable stores is carried out in

• Form ACE - 9
• Form ACE - 6
• Form ACE - 5
• Form ACE - 10

The audit report of Government departments is referred to the

• Public Accounts Committee
• Committee on Public Undertakings
• Both 1 and 2
• CAG

The audit report of Government Companies is referred to the

• Public Accounts Committee
• Committee on Public Undertakings
• Both 1 and 2
• CAG

Which of the following is some remarks often made in Auditor's Report

• Huge Unutilized stores with units
• No necessary provision for Liquidated Damages
• Capital Advances given
• All the above