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CS Professional · Internal and Forensic Audit · Forensic Audit: Laws and Regulations

A consultant is describing the expert composition of the Serious Fraud Investigation Office to a trainee forensic auditor. Under Section 211 of the Companies Act, 2013, which field is expressly listed among those from which experts are appointed?

Forensic audit is expressly listed. Section 211(2) of the Companies Act, 2013 says the Office consists of experts appointed from fields such as banking, corporate affairs, taxation, forensic audit, capital market, information technology and law, besides other prescribed fields. Agriculture, shipping and journalism are not named.

  1. AAgriculture
  2. BForensic auditCorrect
  3. CShipping
  4. DJournalism

Explanation

Section 211(2) lists banking, corporate affairs, taxation, forensic audit, capital market, information technology, law and other prescribed fields. Agriculture, shipping and journalism are not named in the list.

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