Site navigation

Which among the following authorities is vested with the power to investigate on matters of…

Section 132 of the Companies Act, 2013 vests the "National Financial Reporting Authority" with power to investigate professional or other misconduct by chartered accountants…

Choose your answer

Which among the following authorities is vested with the power to investigate on matters of professional misconduct committed by a Chartered Accountant or a Chartered Accountant's Firm under Section 132 of the Companies Act, 2013?

Select one answer
Answer and explanation

Correct answer D

Section 132 of the Companies Act, 2013 vests the "National Financial Reporting Authority" with power to investigate professional or other misconduct by chartered accountants or their firms. The "National Advisory Committee on Accounting Standards", "Institute of Chartered Accountants of India" and "The Serious Fraud Investigation Office" do not hold that power under section 132.

Practice for these exams

Related question papers

Related exam syllabi

Related questions in this topic