An auditor of a company has found that accountant of a company has entered bogus purchase bills for 50lacs in its books of accounts. Which of…

CA Intermediate · Auditing and Ethics · MTP · May 2024
An auditor of a company has found that accountant of a company has entered bogus purchase bills for 50lacs in its books of accounts. Which of following is most appropriate regarding auditor's duty as far as reporting is concerned under Companies Act, 2013?
(A) (A) Report the matter to jurisdictional ROC
(B) (B) Report the matter to Secretary, MCA
(C) (C) Report the matter to Board of Directors of company
(D) (D) Report the matter to jurisdictional ROC as well as GST authority

Suggested Answer and Working Notes:

Correct Answer: Option (C)

(C) Report the matter to Board of Directors of company

Topics: Audit Report

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