CMA Intermediate · Corporate Accounting and Auditing · Secretarial Audit
Under the Companies Act, 2013, a secretarial audit report annexed to the Board's report of a listed company must be given by which of the following?
The secretarial audit report must be given by a company secretary in practice. Section 204(1) of the Companies Act, 2013 requires listed companies and prescribed companies to annex it to the Board's report. Chartered accountants, cost accountants and advocates are not the persons designated for this report.
- AA chartered accountant in practice
- BA company secretary in practiceCorrect
- CA cost accountant in practice
- DAn advocate enrolled with the Bar Council
Explanation
Section 204(1) requires every listed company and other prescribed companies to annex a secretarial audit report given by a company secretary in practice. Chartered accountants and cost accountants are not named for this report; they perform statutory and cost audits respectively.
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