Question

In this form of Public Enterprises, an auditor is appointed by the Central Government and the annual reports are to be presented in the Parliament or State Legislature.

A. Statutory Corporation
B. Government Company
C. Departmantal Undertakings
D. None of These​

Answer 1

Answer:

Accounting and audit – An auditor is appointed by the Central Government and the Annual Report is to be presented in the parliament or the state legislature however these companies are exempted from the accounting and audit rules and procedures.