Description : i. Only special business is transacted at Annual General Meeting. ii. Annual Report is prepared by members.
Last Answer : State whether the following statements are True or False: i. Only special business is transacted at ... the notes of the proceedings of the meeting.
Description : (i) Annual General Meeting is held _________ in a year.
Last Answer : Select the correct answer from the options given below and rewrite the statements. (i) Annual General Meeting is held ... (a) 5 (b) 30 (c) 15
Description : Justify the following statement: Extra Ordinary General Meeting is called under special circumstances.
Last Answer : Justify the following statement: Extra Ordinary General Meeting is called under special circumstances.
Description : Distinguish between the following: Annual General Meeting and Extra-ordinary General Meeting
Last Answer : Distinguish between the following: Annual General Meeting and Extra-ordinary General Meeting
Description : Why is Extra-Ordinary General Meeting held?
Last Answer : Why is Extra-Ordinary General Meeting held?
Description : Enlist the functions of a Secretary related to an Extra-Ordinary Meeting.
Last Answer : Enlist the functions of a Secretary related to an Extra-Ordinary Meeting.
Description : To emphasize auditor independence from management, many corporations follow the practice of a. Appointing a partner of the CPA firm conducting the examination to the corporation's audit committee. b ... the independent auditor report to an audit committee of outside members of the board of directors
Last Answer : Having the independent auditor report to an audit committee of outside members of the board of directors
Description : i. Minimum four Committee Meetings must be held in a year. ii. Creditors Meeting must be held once a year.
Last Answer : Correct the underlined word and rewrite the following sentence: i. Minimum four Committee ... all Directors is called Annual General Meeting.
Description : Articles of Association can be altered by passing– (A) An ordinary resolution in Annual General Meeting (B) A special resolution in Annual General Meeting (C) A resolution with special notice (D) Without any resolution
Last Answer : Answer: A special resolution in Annual General Meeting
Description : (i) Shareholders Meeting, Directors Meeting, Committee Meeting.
Last Answer : Find the odd one. (i) Shareholders Meeting, Directors Meeting, Committee Meeting. ( ... Debenture holders Meeting, Creditors Meeting, Class Meeting.
Description : Explain the following concept: Committee Meeting
Last Answer : Explain the following concept: Committee Meeting
Description : In auditing the financial statements of Star Corp., Land discovered information leading Land to believe that Star's prior year's financial statements, which were audited by Tell, require substantial ... management d. Request Star to arrange a meeting among the three parties to resolve the matter
Last Answer : Request Star to arrange a meeting among the three parties to resolve the matter
Description : 89. A nurse has to attend a committee meeting for two hours. She delegates her work to another nurse. What primary consideration should be observed?
Last Answer : D. Competency to perform the given function
Description : If the persons living in flats are not contributing for its maintenance charges, what will you decide and take action to solve the discord Options: A) You will convene an urgent meeting of the ... and debar them from co-operation D) You will withdraw your own active support to the committee
Last Answer : A) You will convene an urgent meeting of the members and request them collectively to extend their support
Description : Mark correct option a) Territorial bundle prepared for foreign when not less than 5 articles b) Bulk bag system is not available for Srilanka, Nepal, Buthan & Pakistan c) Ordinary circumstances the bulk of the ... office the registered bag should be place in the due mail list. e) All of the above
Last Answer : e) All of the above
Description : A vacancy caused by the resignation of the auditor is filled only by the– (A) Board of Directors of the Company (B) Central Government (C) General Meeting of the shareholders (D) Managing Director of the company
Last Answer : Answer: General Meeting of the shareholders
Description : ‘Object Clause’ of a Memorandum of Association can be altered by– (A) Ordinary resolution (B) Special resolution (C) Special resolution and confirmation by Registrar of Companies (D) Special resolution and confirmation by Company Law Board
Last Answer : Answer: Special resolution and confirmation by Company Law Board
Description : (i) First Board Meeting is held within _________ days of the date of its incorporation.
Last Answer : Select the correct answer from the options given below and rewrite the statements. (i) First Board ... Directors (b) Members (c) Creditors
Description : Write a letter to the director who was absent for a Board Meeting to inform him about the proceeding of the meeting.
Last Answer : Write a letter to the director who was absent for a Board Meeting to inform him about the proceeding of the meeting.
Description : Write a letter to the director reminding him about the provision relating to absenteeism at the Board Meeting.
Last Answer : Write a letter to the director reminding him about the provision relating to absenteeism at the Board Meeting.
Description : Explain the following concept: Notice and Agenda of board meeting
Last Answer : Explain the following concept: Notice and Agenda of board meeting
Description : Can a Director who was absent at the Board Meeting get a copy of the minutes of that Board Meeting?
Last Answer : Can a Director who was absent at the Board Meeting get a copy of the minutes of that Board Meeting?
Description : When does a Director vacate his office due to absenteeism at Board Meeting?
Last Answer : When does a Director vacate his office due to absenteeism at Board Meeting?
Description : Select the correct option from the bracket: Group ‘A’ - (1) Notice of Board Meeting
Last Answer : Select the correct option from the bracket: Group A' Group B' (1) Notice of Board ... Not less than 7 days, Disclosure of personal interest)
Description : Justify the following statement: Board of Directors can exercise their powers collectively through the Board Meeting.
Last Answer : Justify the following statement: Board of Directors can exercise their powers collectively through the Board Meeting.
Description : State any four legal provisions regarding Board Meeting.
Last Answer : State any four legal provisions regarding Board Meeting.
Description : Distinguish between the following: Shareholders’ Meeting and Board Meeting.
Last Answer : Distinguish between the following: Shareholders’ Meeting and Board Meeting.
Description : Match the pairs: Group ‘A’ - (a) Board Meeting
Last Answer : Match the pairs: Group A' Group B' (a) Board Meeting (1) Once in the year (b) Auditor ... (9) Once in Six months (10) Meeting of creditors
Description : Minutes of Board of Directors Meeting?
Last Answer : Minutes of Board of Directors Meeting(Download)Pursuant to regular notice, dated ___________, a meeting of the Board of Directors meeting of ________________________ was held at ... further business to come before the meeting, the same was adjourned.Dated: ________________________________
Description : The Meeting of Board of Directors must be called at least once– (A) In four months (B) In three months (C) In two months (D) In one month
Last Answer : Answer: In three months
Description : Which of the following is not a consideration in the development of audit programs? a. Internal control over the recording of plant asset additions and repairs and maintenance expenditures is ... client constructed a major addition to its central manufacturing facility during the year under audit
Last Answer : The members of the board of directors are elected by the stockholders during the annual meeting.
Description : Which of the following procedures is normally performed in connection with a compilation engagement? a. Inquire of management about subsequent events b. Making inquiries of management ... meeting c. Applying analytical review procedures d. Collect, classify and summarize financial information
Last Answer : Collect, classify and summarize financial information
Description : )The government set up a committee headed by the Chairman, Central Board of Direct Taxes some time back to go into - (1) codification of tax laws (2) the entire structure of tax ... generation of black money, its transfer abroad and bringing back such money into India's legitimate financial system
Last Answer : (4) aspects of generation of black money, its transfer abroad and bringing back such money into India's legitimate financial system Explanation: The Central Board of Direct Taxes (CBDT) ... steps to prevent generation of illicit funds through transactions in property, bullion and equity market.
Description : Which of the following has the primary responsibility for the fairness of the representations made in the financial statements? a. Audit committee b. Client's management c. Independent auditor d. Board of Accountancy
Last Answer : Client's management
Description : The audit program usually cannot be finalized until the a. Reportable conditions have been communicated to the audit committee of the board of directors. b. Engagement letter has been ... s internal control has been completed d. Search for unrecorded liabilities has been performed and documented
Last Answer : Consideration of the entity’s internal control has been completed
Description : Whom should auditors contact when they suspect a fraud? a. Senior management b. Expected perpetrators of the fraud c. Audit committee of the board of directors d. A and C
Last Answer : A and C
Description : Management's attitude toward aggressive financial reporting and its emphasis on meeting projected profit goals most likely would significantly influence an entity's control environment when a. External ... d. The audit committee is active in overseeing the entity's financial reporting policies
Last Answer : Management is dominated by one individual who is also a shareholder
Description : What is the proper organizational role of internal auditing? a. To serve as an independent, objective assurance and consulting activity that adds value to operations. b. To assist the external auditor in ... . d. To serve as the investigative arm of the audit committee of the board of directors
Last Answer : To serve as an independent, objective assurance and consulting activity that adds value to operations.
Description : This standard-setting body replaces the Auditing Standards and Practices Council (ASPC) and is tasked to develop and issue Philippine Standards on Auditing and related Interpretations: a. ... Committee. c. Financial Reporting Standards Council. d. Auditing and Assurance Standards Council.
Last Answer : Auditing and Assurance Standards Council.
Description : This is the standard-setting body that replaces the Accounting Standards Council (ASC) and is tasked to develop and issue standards which will represent generally accepted accounting principles in ... Committee. c. Financial Reporting Standards Council. d. Auditing and Assurance Standards Council.
Last Answer : Financial Reporting Standards Council.
Description : .Its function is to conduct a quality review on applicants for registration to practice public accountancy and render a report which shall be attached to the application for registration. a. Quality Review Board b. Quality Review Group c. Board of Quality Reviewers d. Quality Review Committee
Last Answer : Quality Review Committee
Description : The audit committee of the board of directors of a company is responsible for a. Hiring the auditor b. The audit workpapers c. Preparing the financial statements d. Independence and obtaining evidence
Last Answer : Hiring the auditor
Description : Which of the following is not included under the management of World bank? A. Board of Governor B. Executive Committee C. Chairman D. RBI’s Governor
Last Answer : D. RBI’s Governor
Description : What are the three key components' of the WTO? A. A Senate, a Judiciary and a Directorate B. A Trade Commission, a Dispute Settlement Body and a Council of Ministers C. An Executive ... and an Enforcement apparatus D. A Board of Governors, the Assembly of Member States and a Steering Committee
Last Answer : C. An Executive apparatus, a Legislative apparatus and an Enforcement apparatus
Description : Which of the statements are correct about a Central University? 1. Central University is established under an Act of Parliament. 2. The President of India acts as the visitor of the University. 3. The President has the power to nominate some ... 4 (B) 1, 3 and 4 (C) 1, 2 and 3 (D) 1, 2, 3 and 4
Last Answer : Answer: C
Description : The government set up a committee headed by the Chairman, Central Board of Direct Taxes some time back to go into - (1) codification of tax laws (2) the entire structure of tax ... generation of black money, its transfer abroad and bringing back such money into India's legitimate financial system
Last Answer : aspects of generation of black money, its transfer abroad and bringing back such money into India’s legitimate financial system
Description : Is it a common occurence in the USA (as depicted in movies) for ordinary middle class people to have a shrink they visit regularly?
Last Answer : I don’t know of many,but there are alot I’d like to send to one ;)
Description : i. Within what period should the company hold its 1st Annual General Meeting? ii. At which place should the Annual General Meeting be held?
Last Answer : Study the following case situation and express your opinion: Platinum Limited Company was incorporated on ... notice and agenda be sent to members?
Description : i. A meeting of shareholders which is held once a year. ii. A meeting of shareholders is held between two annual general meetings.
Last Answer : Write a word or a term or a phrase that can substitute each of the following statement: i ... A meeting of the preference shareholders of a company.
Description : A teacher meeting his students for the first time should (a) Start teaching without caring the students' likes and dislikes (b) Develop rapport with the class (c) Give a broad outline of the whole subject id) (b) and (c) both
Last Answer : d) (b) and (c) both