[Solved] Auditor is an ________ of a shareholder.

Auditor is an ________ of a shareholder.

a) Owner

b) Agent

c) Employer

d) Creditor

Answer: (b) Auditor is an Agent of a shareholder. Auditors are engaged as agents under contract but they are expected to be independent of the agents who manage the operations of the business.

More MCQ and Answers on Auditing

  1. A vacancy caused by resignation of the auditor is filled by
  2. A company auditor can be removed before expiry of his term by
  3. Remuneration of a company auditor is fixed by the
  4. A company auditor, in general has to submit his report to
  5. An auditor of Government company has to submit his report to the
  6. Internal auditor has to submit report to
  7. Auditor should be dutiful like a
  8. Auditor, in general is an
  9. Which of the following percentage of nominal amount of shares should be received with application
  10. While checking allotment, auditor should see that amount

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