Ram is a chartered accountant working as proprietor. His gross receipts are ₹50 Lakhs for the year. Which type of audit will necessarily be applicable for him ?
CS CSEET · Business Economics & Fundamentals of Accounting and Auditing · PYQS · June 2013
Ram is a chartered accountant working as proprietor. His gross receipts are ₹50 Lakhs for the year. Which type of audit will necessarily be applicable for him ?
Answer & Explanation:
Correct Answer: Option (B)
Correct answer: (B) Tax audit.
Topics: Auditing
Related Questions in this Topic
- If a casual vacancy in the office of auditor arises by his resignation it should only be filled by the company in a —
- Which of the following is not true about audit plan?
- Which of the following is primarily carried out to ascertain the cases of improper, avoidable and infructuous expenditur...
- The client changed method of depreciation from straight line to written down value method. This has been disclosed as a ...
- Which of the following is not an advantage of the preparation of audit working paper?