Auditing and EthicsMCQQuestion 6222 of 213
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4. Standards on Related Services (SRSs) which apply in agreed upon procedures to information, compilation engagements and other related service engagements. AUDITING AND ETHICS The purpose of issue of these standards is to establish high quality standards and guidance in the areas of financial statement audits and in other types of assurance services.

Select Your Answer (Keyboard: A, B, C, D)
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Correct Answer

✅ Option A — whether moneys raised by way of initial public offer or further public offer (including debt instruments) during the year were applied for the purposes for which those are raised, if not, the details together with delays or default and subsequent rectification, if any, as may be applicable, be reported.

All Options:

  • Awhether moneys raised by way of initial public offer or further public offer (including debt instruments) during the year were applied for the purposes for which those are raised, if not, the details together with delays or default and subsequent rectification, if any, as may be applicable, be reported. ✓
  • Bwhether the company has made any preferential allotment or private placement of shares or convertible debentures (fully, partially or optionally convertible) during the year and if so, whether the requirements of section 42 and section 62 of the Companies Act, 2013 have been complied with and the funds raised have been used for the purposes for which the funds were raised, if not, provide details in respect of amount involved and nature of noncompliance.
  • CThe auditor is required to report under Clause (x) of Paragraph 3 of CARO 2020 that:
  • D

Detailed Solution & Explanation

Correct Answer: Option **A** Explanation: As per the official suggested answer, option **A** is correct. Hence, **Option A** is the correct answer.

More Questions from Auditing and Ethics

Sum of progression (a+b)\displaystyle (a+b), (a−b)\displaystyle (a-b), (a−3b)...n\displaystyle (a-3b)...n term is

Find the sum of first twenty-five terms of A.P. series whose nth\displaystyle n^{th} term is (n+25)\displaystyle \left(n+25\displaystyle \frac{2}{5}\right)

The first and fifth term of an A.P. of $40termsare\displaystyle terms are-29and\displaystyle and-15$ respectively. Find the sum of all positive terms of this A.P

If the common difference of an AP equals to the first term, then the ratio of its mth\displaystyle m^{th} term and nth\displaystyle n^{th} term is:

Find the value of 1+2+3+...+105\displaystyle 1+2+3+...+105

The first and last terms of an arithmetic progression are 5\displaystyle 5 and $905$. Sum of the terms is $45,955$. The number of terms is

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