1251. If an auditor allows publication of annual reports knowing them to the materially false to deceive shareholders, he incurs :
A. Contractual liability
B. Criminal liability *
C. Civil liability
D. None of the above
1252. An auditor can be held liable under C.A ord. 1961 for :
A. Negligence
B. Criminal offence
C. Professional misconduct *
D. Breach of contract
1253. If a company auditor gives false evidence intentionally , he can be held for :
A. Negligence
B. Misfeasance *
C. Breach of contract
D. Criminal liability
1254. If a company auditor has misapplied money of a company, he may be held liable for :
A. Negligence
B. Misfeasance
C. Criminal liability
D. Contractual liability *
1255. If an auditor is found guilty of falsification of company books , he will incur:
A. Criminal Liability *
B. Civil liability
C. Contractual liability
D. None of the above
1256. Civil liability of an auditor implies liability for :
A. Misappropriation of cash
B. Misappropriation of goods
C. Fraud
D. Misfeasance *
1257. In which of the following cases, it was decided that ” it is not the duty of an auditor to take stock”?
A. London and general bank case
B. London and general bank case
C. Kingston cotton mil case *
D. None of the above
1258. An auditor, working in honorary capacity is :
A. Liable *
B. Not Liable
C. Criminally liable
D. None of the above
1259. For misstatement in a company prospectus,the auditor incurs :
A. Civil liability *
B. Criminal liability
C. Contractural liability
D. None of the above
1260. If an auditor fails to satisfy himself that the transactions are ultra virus the directors , he incurs :
A. Criminal liability
B. Civil liability *
C. Contractual liability
D. None of the above