Archive | Sem VRSS feed for this section

FRA Test Papers

BY SHREYA CLASSES ON NOVEMBER 8, 2013 IN FINANCIAL REPORTING & ANALYSIS, QUESTION BANKS

FRA Test 1 Note: Question no: 1 is compulsory & attempt any three from remaining
Q1)Based on the following information, prepare Balance Sheet of Dhoni Ltd. As on 31st
March, 2006. Explain your working and assumptions: (15) Current Ratio 2.5 Liquidity
Ratio 1.5 Net Working Capital Rs 8,00,000 Stock turnover Ratio 5 Turnover Ratio to []
READ FULL STORY COMMENTS { 1 }

SAPM Test
BY ADMIN ON NOVEMBER 8, 2013 IN QUESTION BANKS, SECURITY ANALYSIS & PORTFOLIO MANAGEMENT

Duration 2 hours 60 Marks Note: Q1 is compulsory. Q1) (A) Choose the right answer
with reasons 10 Marks (1)A market which deals in securities that have been already
issued by companies is called as
(a) Primary Market
(b) Money Market
(c )
Secondary Markets
(d) Forward Market (2) Which of the following is a []
READ FULL STORY COMMENTS { 0 }

SAPM Imp questions papers set

BY SHREYA CLASSES ON NOVEMBER 8, 2013 IN QUESTION BANKS, SECURITY ANALYSIS & PORTFOLIO
MANAGEMENT

Q1) (A) Choose the right answer with reasons 10 Marks A portfolio manager by
evaluating his own performance can identify sources of _______________ Risk or
return Strength or Weakness Beta or Standard Deviation Buying or selling shares
Portfolio performance is evaluated over a __________ Period Year Time-interval A
month Sharp measure of Portfolio evaluation uses []
READ FULL STORY COMMENTS { 0 }

Security Analysis and Portfolio Management SAPM TYBBI

Question Bank 2013
BY ADMIN ON OCTOBER 31, 2013 IN QUESTION BANKS, SECURITY ANALYSIS & PORTFOLIO MANAGEMENT

Security Analysis and Portfolio Management SAPM TYBBI Question Bank 2013

READ FULL STORY COMMENTS { 0 }

Marketing in Banking and Insurance QUESTION BANK for

TYBBI SEM 5 2013
BY ADMIN ON OCTOBER 31, 2013 IN MARKETING IN BANKING AND INSURANCE, QUESTION BANKS

Marketing in Banking and Insurance QUESTION BANK for TYBBI SEM 5 2013
READ FULL STORY COMMENTS { 0 }

Financial Services Management Prelim Paper 2013

BY ADMIN ON OCTOBER 30, 2013 IN FINANCIAL SERVICES MANAGEMENT, QUESTION BANKS

Financial Services Management Prelim Paper 2013

READ FULL STORY COMMENTS { 0 }

TYBBI Auditing Prelim Papers 2013

BY BBI TEAM ON OCTOBER 30, 2013 IN AUDITING, QUESTION BANKS

TYBBI Auditing Prelim Papers 2013

READ FULL STORY COMMENTS { 0 }

IBF QUESTION BANK for TYBBI SEM 5 2013

BY SHREYA CLASSES ON OCTOBER 30, 2013 IN INTERNATIONAL BANKING AND FINANCE, QUESTION BANKS

International Banking and Finance ( IBF ) QUESTION BANK for TYBBI SEM 5 2013
Chapter 1 Long Questions Discuss the fixed exchange rate system. What are the
advantages and disadvantages of fixed exchange rate system? Discuss in detail
balance of payment theory. What are the components of Current and Capital accounts
in BOP? Short []
READ FULL STORY COMMENTS { 5 }

Financial Services Management ( FSM ) Question bank

TYBBI SEM 5 2013
BY SHREYA CLASSES ON OCTOBER 30, 2013 IN FINANCIAL SERVICES MANAGEMENT, QUESTION BANKS

Financial Services Management ( FSM ) Question bank TYBBI SEM 5 2013 Subject :
Financial Services Management Chapter 1- Introduction of Financial Services Q1) Write
Short Notes on: Future of Indian financial services industry. Global Slowdown of
Financial Services. Q2) Answer in Brief: Discuss any four innovative financial
instruments of recent times. Explain in []
READ FULL STORY COMMENTS { 0 }

Audit Question Bank TYBBI SEM 5, 2013

BY SHREYA CLASSES ON OCTOBER 30, 2013 IN AUDITING, QUESTION BANKS

Audit Question Bank TYBBI SEM 5, 2013 What is statutory audit? Write difference
between Internal and External Audit (statutory audit). What is environment audit? What
are its objectives? Explain Cost Auditand its ojectives. What do you mean by Due
Diligence Audit explain its need. Short notes: Proprietary Audit. Auditing in
Computerised Environment. Generally accepted []

You are here: Home > IBF QUESTION BANK for TYBBI SEM 5 2013

IBF QUESTION BANK for TYBBI SEM 5 2013

BY SHREYA CLASSES ON OCTOBER 30, 2013 IN INTERNATIONAL BANKING AND FINANCE, QUESTION BANKS

International Banking and Finance ( IBF ) QUESTION BANK for TYBBI SEM 5 2013
Chapter 1
Long Questions
1. Discuss the fixed exchange rate system. What are the advantages and disadvantages
of fixed exchange rate system?
2. Discuss in detail balance of payment theory. What are the components of Current and
Capital accounts in BOP?
Short Questions
1. What are the components of current account and capital account in BOP?

Short Notes
1. Triffins Paradox
2. European Union
3. OPEC
4. OECD
5. Bretton Woods system.
Chapter 2
Short Notes
1. International Debt Crisis
2. Basel II
3. Global Competition in International banking.
4. Basel I

Chapter 3
Long Questions
1. Explain the various fund based and non fund based facilities provided by Indian Banking
system.
Short Questions
1. Explain structure of International Banking Department.
2. Explain pre-shipment and post-shipment credit.

3. Explain the Guarantee facility extended by banks to its customers.

4. Explain the functions of International banking.
5. What are the methods of pre-shipment finance?
Short Notes
1. EBR
2. Finance facilities for Imports.
Chapter 4
Long Questions
1. Explain in detail what is meant by Documentary Credit (L/C) and steps involved in
establishing it. Write any two types of L/Cs in detail.
Short Questions:
1. What is RTGS? What are the advantages of RTGS?
2. Write a short note on various instruments for International Payments?
Short Notes
1. CHIPS
2. SWIFT
3. FEDWIRE
4. CHAPS.
Chapter 5
Long Questions

1. What is Euro Currency Market? Explain in detail factors responsible for its growth and
features of this market.
Short Questions
1. What do you understand by GDR and discuss the mechanics of GDR issue?
2. What are the reasons for the growth of Euromoney Market?
3. What are the features of the Euro Currency Market?
Short Notes
1. Swaps
2. FCCB
3. LIBOR
4. FDI and FPI. Compare.
Chapter 9
Short Notes
1. Indian GAAP v/s UD GAAP.
2. IFRS V/s Indian GAAP.
3. GAAP.
Chapter 10
Long Questions
1. What is meant by Exchange Rate? Enumerate different types of rates available in Forex
market to transact the business.
Short Notes:

1. Bid Ask Spread

2. Geographical Arbitrage
3. Triangular Arbitrage
Chapter 9
Short Questions
1. Discuss factors determining forex rate movements
2. Explain purchasing Power Parity Theory with examples.
Short Note
1. Interest Rate Parity.
Chapter 10
Long Questions:
1. Explain important highlights of banks balance sheet. Discuss importance of Capital
Adequacy Ratio in this context.
2. What is offshore banking? Explain its advantages, disadvantages and Functions.
Short Questions:
1. What is offshore Banking? What are activities of Offshore Banking?
2. Explain offshore banking with reference to Indian context.
3. Explain the importance of Asset Liability Management in Banks. OR explain the
importance on ALM in international banks.
Short notes
1. Tier I Capital.

2. Tier II Capital.
3. Non Performing Assets.
4. Asset Liability Management.
Chapter 11
Short Questions
1. Which are the various parties involved in Loan Syndication? Explain their role.
2. What is loan syndication? What are the steps involved in loan and banks.
3. Discuss Basel II and its provisions.
Short Notes
1. Procedure and Types of Loan Syndication
2. RBIs View on Basel II
3. Profitability of International Lending.
Chapter 12
Long Questions
1. What are the categories of Country Risk for analysis purpose? Explain each of them.
Short Questions
1. Highlight Concerning factors related to International Financial Stability. How can it be
improved?
Short Notes
1. Role of International Credit Rating Agencies

2. Country Risk.
Chapter 14
Short Questions
1. IMF role may need some modification in IFA You Agree? Discuss.
Short Notes
1. FSF
2. CGFS

FRA Test Papers

BY SHREYA CLASSES ON NOVEMBER 8, 2013 IN FINANCIAL REPORTING & ANALYSIS, QUESTION BANKS

FRA Test 1
Note: Question no: 1 is compulsory & attempt any three from remaining
Q1)Based on the following information, prepare Balance Sheet of Dhoni Ltd. As on 31st
March, 2006. Explain your working and assumptions: (15)
Current Ratio

2.5

Liquidity Ratio

1.5

Net Working Capital

Rs 8,00,000

Stock turnover Ratio

Turnover Ratio to Net Fixed Assets (COGS/FA)2

Ratio of Gross Profit to sales

20%

Average debt collection period

2.4 Months

Fixed Assets to Net worth

0.80

Long term Debt to Capital and Reserve

7/25

Or
Q1) What are Accounting Ratios ? How can the accounting ratios be classified ?
Enumerate any Two Ratios covered by each classification.
(15)

Q2) Show how will you deal with the following adjustments at the time of preparation of
final accounts of a Ltd. Company:
(15)
1. I-Tax assessment for the year has been completed for a gross demand of Rs. 82,000.
Trial Balance shows:
2. Share Capital of Rs. 3,00,000 is represented by 1,000, 9%. Cumulative preference
shares of Rs. 100 each fully paid up and balance by Equity- No effect has been given to
Board Resolution forfeiting 400 Equity shares of Rs. non- payment of final call of Rs. 5
per shares

5,000 of the equity shares were issued for consideration other than cash as fully paid
items from Trial Balance- Share Capital Rs. 3,00,000 calls in arrears Rs. 2,000

Preference dividends are in arrears for 3 years (show schedule of share capital)
Or
Q2) Explain the following Ratios:

1. Debt- Equity Ratio.

2. Return on Capital Employed
3. Capital Gearing Ratio.

(15)

Q3) The following is the trial balance of Z Ltd. As on 31st March 2006
Particulars

Rs. (Lakhs)Particulars

Rs. (Lakhs)

Land and Building

45.00

Equity Share Capital

25.00

Plant and Machinery

38.00

10% Debentures

20.00

Debtors

45.00

General Reserve

16.00

Stock

24.00

Profit and Loss A/c

12.00

Bank Balance

10.00

Securities Premium

5.00

Purchases

260.00

Sales

350.00

Factory Expenses

30.00

Creditors

34.00

Administration Expenses10.00

Provision for Depreciation8.00

Selling Expenses

4.00

Suspense A/c

Debenture Interest

2.00

Interim Dividend

5.00
473.00

(15)

3.00

473.00

Additional Information:
(a)Proposed final dividend @ 20%
(b)Depreciation is to be provided on Plant and Machinery at 10% on cost
(c)Suspense account represents cash received for the sales of Machinery on 1st April,
2005. The cost of machinery was Rs. 5,00,000 and the accumulated depreciation
thereon being Rs. 4,00,000

You are required to prepare Profit and Loss A/c and Balance Sheet of Z Ltd., as on
31.3.2006.
Or
Q3) What is Fund Flow Statement ? State uses of fund flow statement in India Scenario.
Also state how it differs from cash flow statement.
(15)

Q4) From the following information calculate Current Ratio, Liquidity Ratio, Creditors
Turnover Ratio and Average Credit Sales of A Ltd & B Ltd:
(15)
Particulars

A Ltd Rs. B Ltd Rs.

Stock

8,00,000

1,00,000

Debtors

1,70,000

1,40,000

Cash

30,000

60,000

Trade Creditors

2,80,000

1,50,000

Bills Payable

20,000

10,000

Bank Overdraft

40,000

30,000

Creditors for Expenses60,000

10,000

Total Purchases

9,30,000

6,60,000

Cash Purchases

30,000

20,000

Credit to Debtors

3.5 Months4 Months

Or

Q4) Explain provision of Schedule VI of the Companies Act 1956 as regards to

1. Fixed Asset.
2. Reserve and Surplus.
3. Secured Loan.

(15)

SAPM Test
BY ADMIN ON NOVEMBER 8, 2013 IN QUESTION BANKS, SECURITY ANALYSIS & PORTFOLIO MANAGEMENT

Duration 2 hours 60 Marks

Note: Q1 is compulsory.
Q1) (A) Choose the right answer with reasons 10 Marks
(1)A market which deals in securities that have been already issued by companies is
called as
(a) Primary Market
(b) Money Market
(c ) Secondary Markets
(d) Forward Market
(2) Which of the following is a money market security?
(a) Debentures
(b) Mutual Funds
(c ) Commercial Paper
(d) Gold and Silver

(3)The fundamental analysis (investment) approach has been associated with

____________
(a) Uncertainties
(b) Certainties
(c) Ratios
(d) Balance Sheet
(4) The object of portfolio is to reduce_______________ diversification
(a) Return
(b) Risk
(c) Uncertainty
(d) Percentage
(5) Trading in electronic form is known as ____________ trading
(a) Online
(b) Scriptless
(c ) Budla
(d) Margin
Q1) (B) True or False 5 Marks
1. Investment decisions which are not carefully thought out are costly
2. Risk is less when return is high and it is more when return is low
3. A financial service is any kind of service offered by a financial service provider

4. Debentures and Bonds are debt instruments

5. Every investment has some risk

Q2) (A) Mr. Rajesh, a Fund Manager produced the following returns for the last 5 yrs.
Rates of return on Sensex are also given for comparison: 8 Marks
2003-042004-052005-062006-072007-08
Mr. Rajesh6%

48%

-15%

7%

11%

Sensex

40%

-6%

20%

3%

12%

Calculate the average return and standard deviation of Mr. Rajeshs Mutual
Fund. Did he do better or worse than Sensex by these measures?

Q2) (B) Compare the expected return and Risk of an investment in the following
security. 7 Marks
Economic ConditionProbability (p)Return on Investment (%)
Boom

0.275

+40%

Stagnation

0.450

+20%

Depression

0.275

-10%

Or

Q2) (A) What is credit Rating? What is its need? 8 Marks

(B) Short Notes: 7 Marks

(i) Primary Market
(ii) Elements of investment
Q3) (A) Triveni Industries Ltd. gives you the following information for the year ended
31st March 2008: 10 Marks
Profit before interest and taxes

Rs. 16,50,000

Tax Rate
Proposed Equity Dividend

30%
25%

Capital Employed
10% Preference Share Capital

Rs. 15,00,000

80000 Equity Shares of Rs. 10 each

Rs. 8,00,000

15% Debentures of Rs 100 each

Rs. 7,00,000

Reserve and Surplus

Current Market Price per Equity Share

You are required to calculate:

1. Earning Per Share
2. Price Earning Ratio
3. Dividend Payout Ratio
4. Dividend Yield

Rs. 12,00,000
Rs. 50

5. Book Value per share and state whether it is worth investing in the Equity Shares of the
Company
Q3) (B)

5 Marks

A GOI bond of Rs. 1000 each has a coupon rate of 8 % per annum and maturity period
Is 20 yrs. If the current market price is Rs. 1050, find YTM
Or
Q3) (A) What is Fundamental Analysis? 8 Marks
How is it different from technical Analysis?
(B) Types of Risk 7 Marks

Q4) (A) The Capital of T Ltd. is as under: 8 Marks

80,000 Equity shares of Rs. 10 each

Rs. 8,00,000

30,000 9% Preference shares of Rs. 10 eachRs. 3,00,000

Total

Rs. 11,00,000

The Following information has been obtained from the books of the company:
Profit after tax (at 60%)Rs. 2,70,000
Depreciation

Rs. 60,000

Equity Dividend Paid

20%

Market Price of equity shares is Rs 40 per share. Calculate the following ratios and
state whether it is profitable for investment

1. Dividend per share

2. Dividend yield ratio
3. Earning per share
4. Earning yield ratio
5. Price earning ratio
6. Dividend cover separately for preference and equity

Q4) (B) 7 Marks

Face Value = Rs 1000
Interest Rate = 8% p.a
Maturity Period = 6 yrs
Market Price = Rs 750
YTM if Interest payment is made semi-annually
Or
Q4) (A) What are tax saving investments? What are their benefits? 8 Marks
(B) What is difference between investor & speculator? 7 Marks

SAPM Imp questions papers set

BY SHREYA CLASSES ON NOVEMBER 8, 2013 IN QUESTION BANKS, SECURITY ANALYSIS & PORTFOLIO
MANAGEMENT

Q1) (A) Choose the right answer with reasons 10 Marks

1. A portfolio manager by evaluating his own performance can identify sources of
_______________
1. Risk or return
2. Strength or Weakness
3. Beta or Standard Deviation
4. Buying or selling shares
2.

Portfolio performance is evaluated over a __________

1. Period
2. Year
3. Time-interval
4. A month
3.
Sharp measure of Portfolio evaluation uses the __________ of returns as the
measures of risk.

1. Standard Deviation
2. Variance
3. Range
4. Beta
4.
The intrinsic value of a share is based on _________ that the investor expects to
receive in future.
1. Dividend
2. Capital Gain
3. Cash Flow
4. interest
5.

The stock valuation model should generate changes in __________ for stocks.

1. Expected Return
2. Revised Return
3. Regular Return
4. Average Return
Q1) (B) What is the present value of the following cash stream if the discount rate is
12%? (5)
Year

Cash Flow5000600080001000012000

Q2) (A) An investment of Rs 40,000 made on 1/04/02 provides inflows as follows: (8)

Date

Alternative IAlternative II

01/04/0320,000

10,000

01/04/0410,000

20,000

01/04/0510,000

10,000

01/04/0610,000

10,000

Which alternative would you prefer if the investors expected return is 10%? Give
reason(s) for your preference.
Q2) (B) C Ltd. paid dividend Rs 1.80 per share. The forecast is that dividend will grow
by 5% per year into the infinite future. If the required rate of return is 11% and the
current market price of the Companys share is Rs 40, find out its intrinsic value. (7 )
Or
Q2) (A) Key determinants of share value ? (8)
Q2) (B) Portfolio Theory? (7)
Q3) (A) Calculate Sharp, Treynor, Jensens Ratio : (8)
PortfolioAvg. Return(%)Std.Devation(%)Beta
A

15

20

1.25

12

35

.75

10

15

1.20

12

25

.85

Market Return :12% and Risk free return is 6%

Q3) (B) Calculate Beta (7)

YearsA Ltd.Market
1

12

18

-9

14

15

21

20

24

15

16

Or
Q3) (A) (i) Systematic Risk 8 Marks
(ii) Unsystematic Risk
Q3) (B) Portfolio Evaluation 7 Marks

Q4) (A) ABC Company Ltd. pays an annual dividend of Rs. 4 per share. The company
does not intend to change its dividend
1. If the investors require 8% return on companys share what should be its market price?
2. What would be the current market price of the companys share if the required rate
changes to 12%. (8)
Q4) B )PQR ltd.paid its first cash dividend RS 2.50 and growth rate is 20% for next 3
years and there after it will grow at 10%. Return is 15% find out value of share. (7)
Or

Q4) (A) What is Portfolio Performance Evaluation ? How to measures the portfolio
performance? (8)
Q4) (B) Write short notes: (7)
1. Selection of Asset Mix
2. Need for Portfolio Revision

Audit Question Bank TYBBI SEM 5, 2013

1. What is statutory audit?
2.

Write difference between Internal and External Audit (statutory audit).

3.

What is environment audit? What are its objectives?

4.

Explain Cost Auditand its ojectives.

5.

What do you mean by Due Diligence Audit explain its need.

6.

Short notes:

1.

Proprietary Audit.

2.

Auditing in Computerised Environment.

3.

Generally accepted auditing practices.

7.

XYZ Ltd. was registered with the Registrar of Companies on 1st April, 2007. The Board of Directors
appointed Mr. Prakash as the first auditor on 11th May, 2007. A new Board of Directors who assumed
charge on 30th May, 2007, removed him and appointed Mr. Banerjee as the auditor of the company.

8.

How would you vouch the following receipts of a company?

1.

Rent

2.

Dividend

3.

Interest

4.

Commission

5.

Insurance claim

9.

Write in brief what are KYC norms with importance of these and as an Auditor what one should verify.

10. As an auditor of the banking company, the major thrust is put on matter of the correct NPA classification and
right provision thereof.

11. Prepare an audit checklist for verification of the follwing area of Banking Company
1.

Bills for collection

2.

Bills Purchased.

12. Write the Audit procedure for the verification of the following relating to bank audit:
1.

Loan against term deposits

2.

Loan against LIC Policy and government securities.

13. Enumerate procedure of vouching in respect to the following

1.

Professional fees paid.

2.

Preliminary expenses paid.

3.

Dividend received/Receivable on share.

4.

Carriage Inward.

14. Draft a detailed Audit plan for Verification of the advances portfolio in banks.
15. Write a note in long form audit report.
16. Discuss the procedure for verification of fixed assets in case of a company.
17. Write short Notes on:
1.

Removal of a company auditor

2.

Long form audit report

3.

Surprise Check

4.

Environmental Audit.

18. State the procedure for verification of agents balance in the course of audit of general insurance company.
19. State the special points that will receive the attention of auditor in verification of loan against life insurance
policies.
20. Write a short note on procedures to e adopted by auditor for verification of premium in General Insurnce
Company.
21. Explain the term Co-Insurance and write short note in Incoming and Outgoing Co-insurance.

22. A major part of the benefits paid by the insurer is the claims as far as Life Insurance companies are concern,
in context to the same write the noes on the audit procedure relating to the verification of the same and what
are the records one has to check for the audit verification.
23. State the procedure for verification of Investment in the Audit of an Insurance Company.
24. Write the audit procedure to be followed for the verification of claims paid and received by the Insurance
Company.
25. Explain the audit procedures for verification of claims paid and payable by an Insurance Company.
26. What is audit sampling? What factors auditor should consider for designing a sample?
27. What are the basic principles governing an audit (SAP 1)?
28. Discuss, relying on the work of the internal auditor.
29. Briefly Highlight the importance of AAS-2.
30. Short Notes
1.

Generally accepted Auditing Practices.

2.

AAS-3 Documentation.

31. Explain the elements of audit report as specified in AAS 28.

32. Under what circumstances does an auditor issue a disclaimer of opinion?
33. Write the circumstances under which the Auditor of the company finds it necessary to qualify his report to
the members of a company.
34. Explain the nature of verification the auditor should conduct before issuing report or certificate on financial
information in offer documents.
35. Distinguish between Clear Report and Qualified report.
36. When does an auditor gives Disclaimer of Opinion?
37. Qualified Audit Report when is it given?
38. Explain in brief the role of CAG on preparetion and reporting of financial statements of public sector
companies.
39. Explain the role of SEBI in regulation and control of capital market in India OR Role of SEBI with regards
to listed companies.

40. Explain in brief the role of Department of Company Affairs for the enefits of public, investors and corporate
sector.
41. What are the provisions of Companies Act, 1956 that ensures the Independence of Auditor with respect to
appointment of auditor itself?
42. What special liability has been imposed by the Companies Act, 1956 on the Company Auditor?
43. What special liability has been imposed by the Banking Regulations Act, 1949 on the Auditor of Banking
Companies in India?
44. Why is it important for an Auditor to remain independent? What are the provisions relating to the
appointment of an auditor under Companies Act which ensures the independence?
45. Discuss briefly how do the provisions of Companies Act ensure independence of an auditor.
46. What are the qualifications, disqualifications, rights and duies of a statutory auditor of a company?
47. What are the duties of an auditor under the Companies Act, 1956?
48. What is Professional Misconduct?
49. Explain the comcept of professinal misconduct as per the Chartered Accountants act, 1949. Give four
instances of the same.
50. Ashok was appointed by the Central Government as a special auditor under Section 233A of the Companies
Act. He accepted that appointment and proceeded with the work without communicating with the statutory
auditor of the company.
51. Mr. Yatin who had passed the final examination of the Institute of Chartered Accountants of India, applied to
the Institute to be enrolled as a member. Before his name was registered, he issued a certificate to certain
firm of exporter, certifying the amounts of their imports. Do you think that Mr. Yatin acted properly? Give
reasons.
52. Mr. Shah is a CA and is representing his client in an Income Tax Appeal. Shah has quoted to charged a flat
fee of 15% of the expected relief to his client as a result of the appeal. Comment on the same.
53. Mr. P chidambaram a practicing Chartered Accountant has accepted the audit of a company in which his
wife Mrs. Chidambaram is a shareholder, Is there misconduct? Will your ans change if MRs. Chidambaram
is a director of the same company?
54. How can a auditor be removed?
55. Role of ethics and regulation in the Auditing Profession.
56. What is the role of Auditors in Corporate Governance?

57. Explain the need and importance of Audit Committee. What are its functions?
58. Explain the role of SEBI.
59. Discuss the importance of Corporate Governance in the Indian context.