ICAB PL Audit & Assurance Practice Questions - ICAB CA Professional Level Audit and Assurance (Bangladesh) Exam - ICAB PL Audit & Assurance Practice Questions - ICAB CA Professional Level Audit and Assurance (Bangladesh) Exam

Question 1

Under Section 210(6) of the Companies Act 1994 (Bangladesh), who is empowered to appoint the first auditor of a newly incorporated company, and within what timeframe?

The Board of Directors within one month of the date of incorporation of the company The shareholders at an Extraordinary General Meeting (EGM) within 90 days of incorporation The Registrar of Joint Stock Companies and Firms (RJSC) within 30 days of registration The Financial Reporting Council (FRC) within 60 days of obtaining the Certificate of Commencement of Business

Correct Answer:

The Board of Directors within one month of the date of incorporation of the company

Question 2

According to Section 210(1) of the Companies Act 1994, what is the statutory tenure of an auditor appointed at an Annual General Meeting (AGM)?

From the conclusion of that AGM until the conclusion of the next AGM For a fixed term of three consecutive financial years without annual re-appointment From the date of appointment until the completion of the audit field work For an indefinite period until a formal resolution for removal is passed

Correct Answer:

From the conclusion of that AGM until the conclusion of the next AGM

Question 3

If a casual vacancy in the office of an auditor arises due to the resignation of the auditor under the Companies Act 1994, how must the vacancy be filled?

Only by the members of the company in general meeting, not by the Board By the Board of Directors within 30 days of the resignation By the Managing Director acting under delegated executive authority By the Institute of Chartered Accountants of Bangladesh (ICAB) upon application

Correct Answer:

Only by the members of the company in general meeting, not by the Board

Question 4

Which of the following persons is expressly disqualified under Section 212 of the Companies Act 1994 from being appointed as an auditor of a company in Bangladesh?

A person who is an officer or employee of the company, or a partner or employee of such officer or employee A Chartered Accountant holding a valid Certificate of Practice from ICAB who has audited the company for one year A member of ICAB who holds no shares or indebtedness in the company or its subsidiaries An audit firm consisting of three practicing ICAB partners with no personal or financial ties to the company

Correct Answer:

A person who is an officer or employee of the company, or a partner or employee of such officer or employee

Question 5

Under Section 210 of the Companies Act 1994, what procedure is required to remove a statutory auditor before the expiration of their term of office?

A special resolution passed by the company in general meeting, with special notice served under Section 211 and the auditor given the right to be heard A simple majority resolution passed at a meeting of the Board of Directors A written directive issued unilaterally by the Chief Financial Officer (CFO) An executive order issued by the Registrar of Joint Stock Companies (RJSC)

Correct Answer:

A special resolution passed by the company in general meeting, with special notice served under Section 211 and the auditor given the right to be heard

Question 1

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Prepare with the ICAB PL Audit & Assurance Practice Questions - ICAB CA Professional Level Audit and Assurance (Bangladesh) Exam practice quiz. This question bank includes 100 questions covering audit, auditor, management, statutory, and financial. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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ICAB PL Audit & Assurance Practice Questions - ICAB CA Professional Level Audit and Assurance (Bangladesh) Exam

This practice set contains 100 questions from the matching question bank and focuses on audit, auditor, management, statutory, and financial. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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ICAB PL Audit & Assurance Practice Questions - ICAB CA Professional Level Audit and Assurance (Bangladesh) Exam

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