true false do answer

1. auditors primary responsinbility is to detect errors & frauds..

2. cag conduct d audit of govt. companies.

3.if auditor lacks indepence he may issue a adverse report.

4.the 1st auditor of a public company appointed by the board of directors hold ofice till d conclusion of its statutory meeting.

Replies (2)

1. False
2. True.
3. True.
4. False.

1. FALSE, the primary responsibility is to express view on truthness nd fairness of financial statements..... 2. TRUE, cag is authorised to conduct such audit. But he too can appoint a statutory auditor eligible u/s 224 for govt companies audit....... 3. TRUE, yes an auditor can issue an adverse comment or diclaimer..... 4. FALSE, its not the initial statutory meeting, but the FIRST AGM, on conclusion of which the first auditor vacates his office....

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured ARTICLESHIP 31 October 2026
CA Articleship

apricus india

Navi Mumbai

CA Inter

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
16 October 2026
CA article trainee

Zerdi & Co. Chartered Accountants

Pune

CA Inter

View Details
Company
24 October 2026
CA Industrial Trainee

Fytomax Nutrition Private Limited

Aurangabad

CA Inter

View Details
Company
Featured 29 October 2026
Accounts Executive

Synergy Keystone

Chennai

B.Com

View Details
Company
14 October 2026
Accountant

Rize.farm

Bengaluru

B.Com

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
12 October 2026
Finance

I-Genext Consulting Private Limited

New Delhi

CA

View Details