CA Inter P5 · Chapter 9 · Question 5 of 12
The statutory auditor of Bharat Utilities Ltd., a government company, submits the audit report. Under section 143(6) of the Companies Act, 2013, the CAG may:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) Within 60 days of receiving the audit report, conduct a supplementary audit and comment upon or supplement the audit report
Explanation
Section 143(6) permits the CAG, within 60 days from the date of receipt of the audit report, to conduct a supplementary audit through persons authorised by it, and to comment upon or supplement the audit report. Such comments are sent by the company to every person entitled to copies of audited financial statements and placed before the annual general meeting. Test audit is separately provided for in section 143(7).
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