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Fundamentals of Auditing (ACC311)

Subjective, Short Questions from Past Papers

 

Subjective Questions

Question

(Mid Term, Marks = , Lesson No. )

Mr. Kamran is a partner of an audit firm. He bought shares of a company for which his firm is also conducting audit. However, he sold out all these shares within thirty days and immediately informed the company secretary about the whole transaction. Is the company secretary required to take any step under the Companies Law, 1984?

Answer:

Question

(Mid Term, Marks = , Lesson No. )

Why books of accounts are required to be kept by companies? Discuss the types of books of accounts with examples.

Answer: