CAG’s Auditing Standards in India
10 Questions
1 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What was the year of release for the third edition of the Auditing Standards?

  • 2017 (correct)
  • 2016
  • 1994
  • 2002

Which chapter of the Auditing Standards covers the General Standards?

  • Chapter 1: Basic Postulates
  • Chapter 3: Specific Standards
  • Preface
  • Chapter 2: General Standards (correct)

In what year were the Auditing Standards first brought out by the Indian Audit and Accounts Department?

  • 1993
  • 2017
  • 1994 (correct)
  • 2002

Who is the author of the preface of the Auditing Standards?

<p>Shashi Kant Sharma (A)</p> Signup and view all the answers

Which edition of the Auditing Standards takes into account the prerequisites for functioning of the Supreme Audit Institution?

<p>Third edition (D)</p> Signup and view all the answers

Who appoints the Comptroller and Auditor General of India?

<p>The President of India (D)</p> Signup and view all the answers

What is the governing framework for both accounting and auditing functions in the Indian Audit and Accounts Department?

<p>The Regulations on Audit and Accounts, 2007 (B)</p> Signup and view all the answers

When did the CAG's Auditing Standards become effective?

<p>1 April 2017 (B)</p> Signup and view all the answers

What does Article 149 of the Constitution of India envisage regarding the duties of CAG?

<p>Performing duties and exercising powers in relation to the accounts of the Union, States, and other authorities (D)</p> Signup and view all the answers

What is the purpose of the CAG's (Duties, Powers and Conditions of Service) Act, 1971?

<p>To prescribe the duties and powers of CAG (D)</p> Signup and view all the answers

More Like This

Auditing Standards and Principles
10 questions
Professional Standards in Auditing
8 questions

Professional Standards in Auditing

SelfDeterminationHydrogen avatar
SelfDeterminationHydrogen
Auditing Standards and Responsibilities
40 questions
Auditing Standards Quiz
15 questions

Auditing Standards Quiz

SelfDeterminationHydrogen avatar
SelfDeterminationHydrogen
Use Quizgecko on...
Browser
Browser