On Wed, Jan 18, 2012 at 2:52 AM, fbvdh 1 <zeeshanmustafa1@live.com> wrote:
Answers with Logic are required
Question No: 4 ( Marks: 1 ) - Please choose one
Which one of the following statements is NOT true about the internal control system of a company?
Internal control is affected by people working in an organization
Internal control is a process of bringing accuracy and improvements in the systems
Internal control systemt is expected to provide absolute assurance about the performance of a company
Internal control is geared to achieve objectives of financial reporting, compliance and operations
Question No: 5 ( Marks: 1 ) - Please choose one
Who shall fix the remuneration of the auditors, if auditors of a company are appointed by the
shareholders? (Companies Ordinance, 1984)
Directors
Shareholders
Securities and Exchange Commission
Institute of Chartered Accountants of Pakistan (ICAP)
Question No: 6 ( Marks: 1 ) - Please choose one
If Directors could not appoint the first auditors of a company, then the first auditors shall be appointed by which one of the following authorities? (Companies Ordinance, 1984)
Shareholders
Securities and Exchange Commission
Company secretary
Company registrar
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