671.Remuneration of a company auditor is fixed by the
A.Shareholders
B.Board of Directors
C.Central Government
D.Appointing authority

672.A company auditor, in general has to submit his report to
A.Shareholders
B.Board of Directors
C.Central Government
D.C & A – G

673.An auditor of Government company has to submit his report to the
A.Shareholders
B.Central Government
C.C & A – G
D.Ministry concerned

674.Internal auditor has to submit report to
A.Shareholders
B.Government
C.Company Law board
D.None of the above

675.Auditor should be dutiful like a
A.A watch dog
B.A blood hound
C.A detective
D.An insurer

676.Auditor, in general is an
A.Employee of the company
B.Agent of the company
C.Agent of the shareholders
D.None of the above

677.While checking allotment of shares the auditor should see that it is made within
A.100 days of issue of prospectus
B.120 days of issue of prospectus
C.150 days of issue of prospectus
D.80 days of issue of prospectus

678.Which of the following percentage of nominal amount of shares should be received with application
A.10
B.15
C. 5
D. 6

679.While checking allotment, auditor should see that amount
A.Equal to estimated fixed capital is received
B.Equal to estimated working capital is received
C.Necessary for purchase of land & building has been received
D.None of the above

680.For restriction regarding allotment of shares, the auditor should refer to section
A.25
B. 75
C. 64
D. 69

NOTE
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