Tiêu đề Dheera test -4 QP.pdf ✅

Dheera Test Series [2] Visit us: www.dheeratests.com Q2. Can Mr. Naveen Raj be appointed as the Internal Auditor from FY 2025–26 based on current compliance and reporting structure? A. Yes, if he is a qualified professional and reports to the Board as resolved. B. No, because internal auditors cannot be employees of the company. C. No, because he is still reporting to the CFO despite the Board resolution. D. Yes, since Section 138 allows companies to appoint any competent employee. Q3. With the merger of Ayur Medcare Pvt. Ltd., what compliance failure exists, if any, under Section 138? A. No failure, as internal audit is only mandatory for listed companies. B. Failure exists, as Ayur Medcare should have appointed its own internal auditor before merger. C. Yes, because post-merger, no new internal audit framework was notified for Ayur Medcare. D. No failure, as it’s a private company below threshold and hence exempt. CASE STUDY QUESTION 2: M/s GreenLeap Ltd., a listed company incorporated under the Companies Act, 2013, with a paid-up share capital of ₹12 crores and a turnover of ₹115 crores, appointed M/s RKG & Associates, a CA firm, as its statutory auditor for a term of 5 years at the AGM held on 14th September 2020. The firm included Mr. R. Kumar, who was also a full-time director in EcoRise Pvt Ltd., which held 23% in the equity of GreenLeap Ltd. On 1st November 2022, RKG & Associates issued a disclaimer audit opinion citing inability to access certain inventory records. The Board of GreenLeap Ltd., through a resolution on 10th November 2022, decided to recommend their removal before expiry of their term and applied to the Central Government on 17th November 2022. Meanwhile, Mr. Arvind Bhatia, one of the audit partners, got appointed as Internal Auditor of EnviroMint Ltd., a wholly owned subsidiary of GreenLeap Ltd., effective 2nd December 2022. On 7th January 2023, GreenLeap appointed PNS & Co., another audit firm, as its new statutory