Top 150+ Solved Auditing Corporate Governance MCQ Questions Answer
Q. Section ---- of the companies Act governs the audit of branch offices.
a. 228(1)
b. 228(2)
c. (a) and (b)
d. 228
Q. A Cost Auditor is appointed by the
a. Board of Directors
b. Shareholders
c. Central Government
d. C&A-G
Q. Management Audit means
a. Audit undertaken on behalf of the management
b. Evaluating performance of various management processes & functions
c. Compulsory audit of company management
d. All of the above
Q. Report of Cost audit should be submitted to
a. Shareholders
b. Company Law Board
c. Central Government
d. All of the above
Q. A Tax Auditor of a firm/proprietary concern is appointed by
a. A Partner
b. The Proprietor
c. A person authorized by the assessee
d. All of the above
Q. The Cost auditor is concerned mainly with accounts related to
a. Cost
b. Finance
c. Both cost & finance
d. None of the above
Q. The Management Auditor has to submit the audit report to
a. Shareholders
b. Company Law Board
c. Management
d. State Government
Q. Compulsory Tax Audit U/S 44AB is applicable for
a. 8 categories of Assessees
b. 6 categories of Assessees
c. 2 categories of Assessees
d. 4 categories of Assessees
Q. The Cost auditor has to serve the interest of
a. Shareholders
b. Management
c. State Government
d. None of the above
Q. The verification of the correctness of cost accounts and of adherence to the cost accounting plan is known as
a. Cost Audit
b. Tax Audit
c. Management Audit
d. Internal Audit
Q. A comprehensive and critical review of all aspects of management process
a. Cost Audit
b. Tax Audit
c. Management Audit
d. Internal Audit
Q. The management auditor may be appointed by
a. Shareholders
b. Board of directors
c. Shareholders or board of directors
d. None of the above
Q. The audit fees and expenses incidental to audit shall be determined by
a. The Chief Commissioner
b. The State Government
c. The Central Government
d. None
Q. Which of the following is not audit software?
a. Generalized Audit Software
b. Specialized Audit Software
c. Utility Software
d. Micro Software