1. Section 138 of the Companies Act, 2013 shall apply to â??â??â??

A) Listed Company
B) Prescribed class of companies
C) Both (a) & (b)
D) All the companies



2. Internal financial controls are policies and procedures adopted by company for â??â??

A) Ensuring the orderly and efficient conduct of its business, including adherence to companyâ??s policies
B) The safeguarding of assets
C) The prevention and detection of frauds and errors
D) All of these



3. â??â??â??â??â??is a series of instruction and questions which the auditor should follow and answer.

A) Narrative Records
B) Check List
C) Internal Control Questionnaire
D) Flow Chart



4. â??â??â??â??-is a complete and exhausted description of the system as found in operation by the auditors

A) Check List
B) Flow Chart
C) Narrative Records
D) Internal Control Questionnaire



5. Which of the following person can be appointed as internal auditor of Companies

A) Chartered Accountant
B) Cost Accountant
C) Any Employee of Company
D) Any of the above