MCQ 2 for the day !🔥
CA Mridul has been appointed as statutory auditor of PQT Limited, a reputed listed company
engaged in the manufacturing of electronic products, in accordance with provisions of the
Companies Act, 2013. Currently, he is also actively involved in advising the government in favour
of proposed legislation likely to be introduced in one of the coming sessions of Parliament to
attract investments and cutting-edge technology in the electronic products sector on behalf of his
client. He has participated in TV programmes on the matter, written articles in business papers on
the subject, and given key suggestions to the government in this regard. In all public appearances
and statements, he has openly stated the fact of being associated with PQT Limited in the capacity
of auditor. Which of the following statements is likely to be correct in this regard?
a)The described situation can involve self-interest threats to the independence of the auditor.
b)The described situation can involve familiarity threats to the independence of the auditor.
c)The described situation can involve advocacy threats to the independence of the auditor.
d) The described situation can involve self-review threats to the independence of the auditor.
MCQ 2 for the day !🔥 CA Mridul has been appointed as statutory auditor of PQT Limited, a reputed lis
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