Many of the members of IPCC-GUIDE asked me, that how to answer the application based questions of Audit & LAw. So here I am sharing my experience.
Procedure to Solve Application based questions Audit & Law
you should answer the question in 3 steps:-
For Eg. Audit (Company Audit) Case-
Mr. R has been appointed by central govt u/s 224(3) has not sent intimation of accepting the appointment on the ground that it required for an auditor appointed in AGM u/s 224(1). Comment.
Step 1st :- Write about provision to which the question is related-
This case is related to section 224(1A) Acceptance/refusal by auditor appointed u/s 224(1) in AGM to ROC within 30 days (of receipt of intimation from company) through form No 23B.
Step 2nd:- Write about facts of the case-
like in this case facts are -
Auditor is appointed by Central Government u/s 224(3)
Auditor has not sent intimation to ROC on ground that he is not required to do so.
Step 3rd :- Write the Conclusion of the Case (Mixing the provision & Facts of the case)
We can conclude that section 224(1A) is not applicable to auditor appointed u/s 224(3). it is applicable only when auditor is appointed u/s 224(1) in AGM of company.
so this is the way a application based question is answered.
Don't write beyond the limit.
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