31.Special audit is conducted at the order of the Central Government. Which section gives such powers? a) Section 233(A) b) Section 233A c) Section 242(A) d) Section 242A
32.Who among the following can be appointed as special auditor by the Central Government? a) The statutory auditor b) chartered accountant in practice c) Any chartered accounted who is not in practice d) Both (a) and (b)
33.The scope of the audit including reference to the pronouncements of the ICAI, which the auditor adheres to, generally is communicated to the client in the
i) auditor's report ii) engagement letter iii) representation letter
a) i) only b) Both (i) and (ii) c) Both (i) and (iii) d) All the above
34.If any director is disqualified from being appointed under section 274(1) (g), the auditor should mention this fact in his audit report. For this purpose, how does he determine their eligibility : a) He obtains a representation from each director b) He obtains a management representation c) He enquiries from Registrar of Companies d) Any one of the above
35.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_ a) proper books of account b) accounting standards c) cess payable under section 441A d) None of the above
36.The date on auditor's report should not be__ a) the data of AGM b) later than the date on which the accounts are approved in board's meeting c) earlier than the date on which the accounts are approved by the management d) Both (a) and (b)
37.Section 227(2) of the Companies Act, requires the auditor to give his report to the members of the company on certain matters. Which of the following is not included in the above? a) Accounts examined by him b) Every balance sheet and profit and loss account laid before a general meeting during his tenure c) Every document that is a part of or 'annexed to' the balance sheet d) Every document which is attached to the profit and loss account
38.When restrictions that significantly affect the scope of the audit are imposed by the client, the auditor generally should issue which of the following opinion? a) Qualified opinion b) Disclaimer of opinion c) Adverse opinion d) Unqualified report with 'an emphasis of matter' paragraph;
39.Which of the following report not result in qualification of the auditor's opinion due to a scope limitation? a) Restrictions the client imposed b) Reliance on the report of other auditor c) Inability to obtain sufficient appropriate evidential matter d) Inadequacy of accounting records
40.The inventory consists of about one per cent of all assets. The client has imposed restriction on auditor to prohibit observation of stock take. The auditor cannot apply alternate audit procedures. a) unqualified opinion b) qualified opinion c) disclaimer of opinion d) adverse opinion