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Asked/Added Questions From NCERT:


Question 1. Asked on :22 August 2020:10:07:05 AM

 Write the types of Auditor's opinion?

-Added by nisha sheikh Accountancy » Auditor And Related Provisions

Answer:

Shruti Srivastva
(i) Qualified.

(ii) Unqualified.

(iii) Disclamer of.

(iv) Adverse. 

-Answered by Shruti Srivastva On 29 August 2020:05:37:38 PM



Question 3. Asked on :20 August 2020:10:27:37 AM

 Write the Importance of Audit Report?

-Added by nisha sheikh Accountancy » Auditor And Related Provisions

Answer:

nisha sheikh

Importance of Audit Report:

1. Audit Report helps an auditor to express his opinion on financial statements.

2. It shows the scope of work done and the responsibility assumed by the auditor while conducting audit.

3. The conclusions drawn by the auditor are communicated to the management through audit report.

4. It helps the shareholders of the company to know the state of affairs of the company.

-Answered by nisha sheikh On 22 August 2020:09:58:11 AM


Question 4. Asked on :20 August 2020:10:26:12 AM

Write the Rights of Auditor?: 

-Added by nisha sheikh Accountancy » Auditor And Related Provisions

Answer:

nisha sheikh

Rights of Auditor:

1. Right to access the books of account

2. Right to obtain information and explanation from officers

3. Right to receive notice of and attend general meetings 

4. Right to visit branch offices and access books

5. Right to receive notice for removal

6. Right to make a representation on removal 

7. Right to receive remuneration 

8. Right to sign the audit report.

-Answered by nisha sheikh On 20 August 2020:10:27:10 AM


Question 5. Asked on :20 August 2020:10:13:32 AM

 Write the types of Auditor?

-Added by nisha sheikh Accountancy » Auditor And Related Provisions

Answer:

Shruti Srivastva
Internal and External.

-Answered by Shruti Srivastva On 29 August 2020:05:38:57 PM


Question 6. Asked on :20 August 2020:10:08:35 AM

 Who is auditor?

-Added by nisha sheikh Accountancy » Auditor And Related Provisions

Answer:

Shruti Srivastva
A person who conducts an audit is known as auditor.

-Answered by Shruti Srivastva On 29 August 2020:05:39:19 PM


 

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