Home
SELF STUDY
BrowsePracticeTestsPlaylistDoubts & solutionsFree live classesOther courses

Audit Strategy & Programming

Quick practice

Question 1 of 5

CA. X is a partner in M/s AB & Associates and M/s MN & Associates simultaneously. M/s AB & Associates has completed its tnure of 10 years as an auditor in XYZ Ltd. immediately preceding the current financial year. It may be noted that the provisions for applicability of rotation of auditors are applicable to XYZ Ltd. Now, the company wants to appoint M/s MN & Associates as auditor for 5 years

A

M/S MN & Associates cannot be appointed as auditor being not eligible as per Rule 6 of Companies (Audit & Auditor's) Rules, 2014.

B

M/S MN & Associates cannot be appointed as auditor being not eligible u/s 141(3) of Companies Act, 2019.

C

M/S MN & Associates cannot be appointed as auditor being not eligible as per proviso to Sec. 139(2) of Companies Act, 2019

D

M/S MN & Associates cannot be appointed as auditor being not eligible u/s 141(1) of Companies Act, 2013.

Get unlimited practice with CA Final Group 1 subscription

pick

Boost your performance with adaptive practice tests

pick

Practice every concept in the syllabus

pick

Compare your speed and accuracy with your peers

pick

Download the app and practice on the go