True / false
dipeshdayani (Student CA Final ) (54 Points)
14 May 2015
C & AG orders to conduct test audit of the Accounts of a Government company .... ?
6 Replies
dipeshdayani
(Student CA Final )
(54 Points)
Replied 14 May 2015
why ..... ? C& AG conduct test audit and also comment on same on test audit
dipeshdayani
(Student CA Final )
(54 Points)
Replied 14 May 2015
supplementary / Test Audit .... both are same ....
Santhosh Poojary
(SIEMPRE AHÍ PARA TI)
(15607 Points)
Replied 14 May 2015
True statement...,
The Companies Act, 1956 empowers the Comptroller and Auditor General of India to:
appoint/ re-appoint the auditors of a Government Company;
direct the manner in which accounts shall be audited;
give such instructions to the auditors in regard to any matter relating to audit;
to conduct a supplementary or test audit of the accounts; and
to comment upon or supplement the audit report of the statutory auditors.
Deepak Gupta
(CA Student)
(15922 Points)
Replied 14 May 2015
Correct Statement.
.
Reason: As per section 143(7) of the Companies Act, 2013, C&AG is authorised to conduct supplementary or test audit in the case of a government company.
Karan kapoor
(Professional)
(88 Points)
Replied 15 May 2015
Correct statement as C&AG can conduct supplementary audit but it has to be conducted within 60 days of receiving audit report from the auditor
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