CS Professional Compliance Management, Audit and Due Diligence PYQ December 2024: Question Paper and Available Answers
CS Professional
Compliance Management, Audit and Due Diligence
PYQS Series
December 2024
30 Questions Indexed
ICSI Examination Archive & Suggested Answers: This directory contains indexed questions from the paper for CS Professional Compliance Management, Audit and Due Diligence PYQS (December 2024). Open the source paper and available answers. Older sessions follow the syllabus and statutory provisions applicable to their examination year.
Indexed questions
- Secretarial Standard-1 is equally applicable on all the companies, one person company and a company registered under Section 8 of the Companies Act, 2013, without granting any exem
- Draft the Directors' Responsibility Statement of ABC Limited, which is to be incorporated in the Directors' Report.
- S is a Company Secretary in Practice and also the Managing Committee Member of the Chapter of the Institute of Company Secretaries of India (ICSI). He invited Y (a senior Governmen
- P is a part time director of ABC Limited. J is a whole-time Director (Finance) and the Chief Financial Officer (CFO) of the company. The compliance officer had not been performing
- X, a member of the sports club has been paying all his fees in time. In the Annual General Meeting of the club, a resolution was passed for expelling X with immediate effect, as a
- Subsequent to the completion of an inquiry proceedings and other actions initiated by the Securities and Exchange Board of India (SEBI) against ABC Limited on the allegations of se
- D accepted the appointment as a director in 25 companies till 31st March 2015. Consequently, the Registrar of Companies (RoC) had issued a show cause notice to D in the year 2016.
- Y is a qualified Company Secretary. Y was in the need of a job since her husband got transferred to a town and for the past 6 months, she had not been able to get any job. At last,
- You are a partner of ZKB & Associates (Practising Company Secretaries) and you are responsible for arranging and indexing the records in a way that permits easy location, access an
- State whether the following offences under the Companies Act, 2013 are compoundable. If yes, mention the Compounding Authority. (I) Failure to keep proper books of account under Se
- M, a partner of MNP and Co. (Practising Company Secretaries) has to do the certification of Annual Return of ZK Limited. Suggest the guiding principles that can be adopted by M abo
- Explain the factors that are taken into account by the Securities and Exchange Board of India (SEBI), while adjudicating quantum of penalty. Also indicate the penalties under the S
- A retail company, Cloudtail, sells goods on E-commerce platform. The company sold pressure cookers made by XYZ Limited, which were not compliant with the mandatory standards. On no
- In a board meeting of the TCD Limited, the Company Secretary gave a presentation to the Board on Corporate Governance and explained that the Corporate Governance deals with conduct
- Non-reporting of related party transactions led Secretarial Auditor to penalty. Discuss with the help of a leading case of Sun Pharmaceuticals industries Limited [Adjudication orde
- Explain various kinds of general and specific skills the internal auditor must possess for discharging their professional obligation proficiently.
- Why does the "Emphasis of Matter" (EOM) is included in the Audit report ? Give two examples which could be considered as EOM.
- The audit committee of the company by a resolution had recommended ABC & Co. as the Statutory Auditors to the Board of Directors of the company. The Board also appointed ABC & Co.
- Explain how does audit trail work.
- Explain about the type of due diligence that uncovers the aspects of operational weakness, inadequacy of control mechanisms and also gives a better picture of the kind of cost to t
- RP Limited, a company has been regularly implementing Corporate Social Responsibility (CSR), as per the provisions contained under the Companies Act, 2013, for the past three years
- The auditor must plan the audit with professional scepticism, so that it is possible to exercise professional judgement in an objective manner. Practically examine this statement a
- GKL & Co., a firm of Practicing Company Secretaries, is the Secretarial Auditor of ABC Limited. During examination of documents, the auditor had observed a fraud of ₹ 2 crore, whic
- XYZ Limited wants to observe good governance practices. The company has approached you to suggest controls to prevent and detect frauds and to educate their employees towards the a
- Due diligence on competition law aspects is an examination of the actual operations and practices of an enterprise and effectiveness of the company's competition law compliance pol
- The principle of confidentiality imposes an obligation on the auditor to refrain from doing certain acts. Explain. How will the Auditor ensure the prevention of unauthorised access
- Explain the process of selection of the Practice Unit by the Quality Review Board and submission of the reviewer's report to the Board.
- The Auditor shall assess the efficacy and adequacy of the systems and processes of the Auditee. Comment. Also cite any four best practices being observed by the companies for Board
- An auditor is conducting an audit of a company's financial statements. As part of the audit, the auditor is reviewing the company's bank statements to ensure that all transactions
- Write any five essential terms of reference of a valid Audit Committee, in compliance with the Regulation 18 of the Securities and Exchange Board of India (Listing Obligations and
How to Prepare for CS Professional Compliance Management, Audit and Due Diligence
Use past questions to practise the paper format and review available answers. Check the current syllabus, applicable law and examination duration before attempting a timed paper.