89. By whom the special audit of a company
is get done:
(A) Central Government
(B) Director of the company
(C) Shareholders
(D) None of the above
Answers
Answer:
a) central government is the correct answer
Answer:
The special audit of a company is done by the Central Government.
Explanation:
The Central Government may, at any time and by a different or similar order, direct that a special audit of the company's accounts be conducted for the period or periods mentioned in the order of a business. An auditor is a person chosen to draught the company's independent audit report. All joint stock businesses are required to conduct audits. Every organisation that is registered as a Private Limited or Public Limited company under the Companies Act is required to have an annual audit of its books of accounts. These audits are directed toward a specific cause or goal, and the auditors conducting them are given the same rights and responsibilities as the company's regular auditors.
Thus, the powers and responsibilities relating to special audits are the same for the special auditor designated by the Central Government pursuant to Section 233A of the Companies Act.