[Solved] A company auditor can be removed before expiry of his term by

A company auditor can be removed before expiry of his term by

a) Shareholders

b) Board of Directors

c) Central Government

d) State Government

Answer: (a) A company auditor can be removed before expiry of his term by Shareholders. As per sub-section (1) of section 140, the auditor appointed under section 139 may be removed from his office before the expiry of his term only by a special resolution of the company, after obtaining the previous approval of the Central Government in that behalf.

More MCQ and Answers on Auditing

  1. Fixed assets are valued at
  2. Floating assets are valued at
  3. Outstanding expenses should be verified with the help of
  4. Book debts should be verified with the help of
  5. Book debts should be verified with the help of
  6. Main object of auditing is
  7. Propriety audit refers to
  8. Propriety is normally undertaken in case of
  9. Final audit implies
  10. Joint audit implies

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