If a casual vacancy in the office of auditor arises by his resignation it should only be filled by the company in a_________?
Correct answer: C. General meeting
- A. Board meeting
- B. extraordinary general meeting
- C. General meeting
- D. annual general meeting
Explanation
A resignation creates a casual vacancy that must be filled by the company in a general meeting, unlike some other casual vacancies that may be filled by the board. Therefore, “general meeting” is the applicable choice.
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About Auditing
Auditing examines accounting records and financial statements to determine whether they present a reliable and fairly stated position. The subject covers audit objectives, internal controls, audit evidence, materiality, vouching, verification, working papers, auditor independence, audit reports, and the distinction between an audit and accounting or investigation.
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