Sandeep Ahuja asked 4 years ago
Q.1 Tax auditor also prepares books of account of NON Corporates like Sole proprietor firm, partnership firm, HUF, AOP guilty under which clauses of CA Act /other acts ?
Q.2 statutory corporation like LIC Act, LLP Act, SBI Act,
Now if question comes…state disqualification of auditor w.r.t audit of statutory corporations …. companies act is N.A …..is this out of syllabus …or we will write 141 of companies act only….. similarly will 144 apply for audit of statutory corporations not governed by Co Act?
Q.3 Similarly banking companies are also governed by Banking regulation act, Insurance company by IRDA Act, ….. disqualification of auditor u/s 141 ..and other provisions like 144 will apply to banking companies/insurance companies as well ?
Ravi Staff answered 4 years ago
in practical life when fees is low its not possible to follow CA act, they will guilty in clause 4 part 1 second schedule
Ravi Staff answered 4 years ago
no such question has ever, it wont come, 99% questions are from content in module
and 85% questions are from past papers / RTPs / MTPs / SMs / PMs
so no need to prepare for such topics
for research and interest we can read these respective ACTs we will gain knowledge but there are 100s of such acts and that knowledge is not expected from us