Question

3) Special audit can be ordered by -
a) Preference share holders
b) Central Government-
d) Debenture holder
c) SEBI​

Answer 1

Answer:

the answer central government

plz thank me

Answer 2

Answer:

Correct option is:

b) Central Government

Special audit can be ordered by - Central Government.

Explanation:

The Central Government may, at any time, by order, direct that a special audit of the company's accounts be conducted for such period or periods as the order specifies, and may, by the same or a different order, appoint either a chartered accountant as defined in clause of sub-section:

• Of section

• Of the Chartered Accountants

Act, $1949$ ($38$ of $1949$) (whether or not such chartered accountant is a chartered accountant in practice within the meaning of the Act).

• Special Audit shall be the conducted by a Chartered Accountant so nominated from PCCIT/PCCIT/CCIT/CIT.  
• Any incidental expenses, such as remuneration, are determined by the Commissioner of Special Audit Income Tax and paid by the Central Government.
• A special audit is a narrowly defined audit that focuses on a single aspect of an organization's operations.
• An audit of this nature could be initiated by a government agency, but it could also be authorized by any entity, including internally. The following are some examples of special audits:
• Audits of compensation, Audits of compliance, Special audit reports are typically issued after inspecting an auditee's financial records in response to a directive to conduct the audit before the annual audit.