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Management Sciences 5307 MCQs [All-Courses]

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Management Sciences focuses on the planning, organizing, leading, and controlling of resources to achieve organizational goals.This subject is highly important for competitive exams, academic study, and professional careers in the business and public sectors.

All Topics  5307

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;
Correct Answer: Qualified opinion
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.
Correct Answer: earlier than the date on which the accounts are approved by the management
Auditor of a___________company does not have right to visit foreign branches of the company?
A Unlimited liability
B Manufacturing
C Banking
D Non­profit making
Correct Answer: Manufacturing
The branch auditor is appointed by___________?
A Shareholders in an annual general meeting
B Shareholders in general meeting
C Board of directors in board meeting
D Any of the above
Correct Answer: Shareholders in general meeting
The auditor has a right to­___________?
A Obtain information and explanation
B Obtain information and explanation from the employees and officers
C Obtain information and explanation necessary for the purpose of audit
D Both B. and C.
Correct Answer: Both B. and C.
A statutory auditor has a right of access at all times to___________?
A Books and accounts of a company
B Books, accounts and documents of the company
C Books, accounts and vouchers of the company
D Notices and documents of the company
Correct Answer: Books, accounts and vouchers of the company
Who out of the following cannot be appointed as a statutory auditor of the company?
A Erstwhile director
B Internal auditor
C Relative of a director
D Only (B. and (C.
Correct Answer: Internal auditor
The authority to remove the first auditor before the expiry of term is with__________?
A the shareholders in a general meeting
B the shareholders in the first annual General meeting
C the board of directors
D the Central Government
Correct Answer: the shareholders in a general meeting
If a casual vacancy in the office of auditor arises by his resignation it should only be filled by the company in a_________?
A Board meeting
B extraordinary general meeting
C General meeting
D annual general meeting
Correct Answer: General meeting
In case the directions fail to appoint first auditor (s), the shareholders shall appoint them at_________by passing a resolution.
A a general meeting
B first annual general meeting
C statutory meeting
D annual general meeting
Correct Answer: a general meeting
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